- Avenira (AEV) is set to announce a capital raise, with details to soon be released
- The mining and exploration company has asked for its shares to be placed in a trading halt ahead of the capital raise announcement
- The trading halt will end when the announcement is made, or on July 3, 2020
- Avenira shares were last trading for one cent each
Mining and exploration company Avenira (AEV) is gearing up to announce a new capital raise.
Details are yet to be announced, however, the company today requested its shares be placed in a trading halt ahead of the capital raise announcement.
Avenira recently acquired its Jundee South Gold Project in Western Australia.
The tenement covers 270 square kilometres of land and is located near several major mines.
24 high-value targets have been identified at the project, with work ongoing.
The scoping studies are expected to be finished and presented in the September quarter of 2020.
The company’s other focus is its Wonarah Phosphate Project in the Northern Territory.
The project, which is 100 per cent owned by Avenira, is considered to be one of Australia’s largest phosphate projects.
Avenira’s shares remain in a trading halt, they last traded for one cent per share.