- Alligator Energy (AGE) enters a trading halt as it plans an upcoming capital raise
- So far, it is unknown how much it plans to raise or where the funds will be spent
- Company shares will be paused until Monday, August 2, or when more information is released to the market
- On the market, Alligator last traded at 3.6 cents per share
Alligator Energy (AGE) has entered into a trading halt as it plans an upcoming capital raise.
The company has given no details on how much it is aiming to raise or where the funds will be spent.
Under the halt, trading in company shares will be paused until Monday, August 2, or when more information is released to the market.
Alligator Energy is an Australian based exploration company focused on uranium and energy-related minerals.
Earlier this week, the company announced it would be included in the Global X Uranium ETF, one of the world’s largest uranium and nuclear exchange traded funds.
The ETF is considered the largest in the uranium sector and touts net assets of approximately US$645 million (A$876 million).
Commenting on this announcement CEO Greg Hall said the inclusion shows the growth and value of Alligator.
“We will focus on building value in our existing projects while continuing evaluation of further targeted external uranium resource opportunities,” he said.
On the market, Alligator last traded at 3.6 cents per share.