- Cuba gold explorers Antilles Gold (AAU) ends the week in a trading halt ahead of an upcoming capital raise
- Currently, there are no details on how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Tuesday, October 12, or when more details about the raise are released to the market, whichever one comes first
- On the market, Antilles last traded at 8.2 cents per share on October 7
Antilles Gold (AAU) has ended the week in a trading halt as it plans an upcoming raise.
It is unknown how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Tuesday, October 12, or when more details about the raise are released to the market, whichever one comes first.
Antilles is a gold and copper explorer with a number of projects in Cuba.
Earlier this week, the company found further high-grade results from drilling at its Le Demajagua deposit.
Results from this drilling program include gradings up to 7.93 grams of gold per tonne (g/t) and silver of up to 94.76g/t which builds on previously reported strong results.
Antilles is now progressing feasibility study activities for a planned open pit mine at the deposit.
On the market, Antilles last traded at 8.2 cents per share on October 7.