- Aruma Resources (AAJ) ends the week in a trading halt ahead of an upcoming capital raise
- It is unknown how much the company is aiming to raise or what for
- Company shares will be paused until September 7, or when more information is released to the market
- On the market, Aruma last traded at 8.5 cents per share
Aruma Resources (AAJ) has ended the week in a trading halt as it plans for an upcoming capital raise.
So far, there is no information on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until September 7, or when more information is released to the market.
Aruma is a minerals exploration company, with assets in Western Australia and the Lachlan Fold belt in New South Wales.
This month the company is undertaking a maiden 12-hole drilling program at Mt Deans Lithium Tantalum Project.
The drilling included reverse circulation holes to a maximum depth of 200 metres.
Mt Deans is located in Western Australia’s ‘lithium corridor’ in the
Eastern Goldfields Terrane of the Yilgarn Craton.
On the market, Aruma last traded at 8.5 cents per share.