- Mineral exploration company Aurumin (AUN) enters a trading halt as it plans a capital raise
- So far, it is not known how much the company is planning to raise or what for
- The halt means company shares will be paused until Wednesday, July 20, or when further details about the raise are released to the market
- Last week, the company reported its first assays from drilling at its Central Sandstone gold project in the Murchison region in WA, with the first hole hitting 1.29 g/t gold
- AUN last traded at 15 cents per share on July 15
Aurumin (AUN) has entered the week in a trading halt, ahead of a capital raise.
It is not known how much the company is aiming to raise or where it plans to spend the money.
Under the halt, AUN shares will be paused until Wednesday, July 20, or when further details about the raise are released to the market, whichever one comes first.
Aurumin is a mineral exploration company that owns the Mount Dimer gold, Mount Palmer gold, Central Sandstone and Johnson Range projects in Western Australia.
Last week, the company reported its first assays from drilling at its Central Sandstone gold project in the Murchison region which hit 344 metres at 1.29 grams per tonne (g/t) gold.
The diamond and reverse circulation (RC) drill program aimed to extend and better define the existing mineral resource estimate.
On the market, AUN last traded at 15 cents per share on July 15.