- Aumake (AUK) places its shares in a trading halt after announcing a capital raise
- After the Australian Government border reopening announcement last month AUK released a statement documenting its intent to boost its tourism sector
- The company ended its previous quarter with $263,400 in the bank with the first quarter’s expenditure sitting at $126,600
- According to the Q1 summary the current rate of spending would see the company through for two more quarters
- Before today’s trading halt and capital raise, AUK shares were trading at 2.1 cents on Friday, November 12
Aumake (AUK) has placed its shares in a trading halt after announcing a capital raise.
AUK will remain halted until the earlier of November 17 or when the announcement is made.
The company has not yet released how much money it intends to raise or what the funds will be used for.
The retail company specialises in exporting and selling Australian and New Zealand products throughout Asia.
After the Australian Government border reopening announcement last month AUK released a statement documenting its intent to boost its tourism sector the country looked to welcome international students and travellers into the Eastern states.
The company ended its previous quarter with $263,400 in the bank with the first quarter’s expenditure sitting at $126,600.
According to the Q1 summary the current rate of spending would see the company through for two more quarters.
Before today’s trading halt, AUK shares were trading at 2.1 cents on Friday, November 12.