- Avenira (AEV) enters a trading halt as it prepares to undertake a capital raise
- Trading of AEV shares will be paused until Thursday, September 8, or until the company releases further details
- It is not yet known how much is looking to raise or where the funds will be spent
- Shares in Avenira halted at 1.3 cents on August 6
Avenira (AEV) has entered a trading halt as it prepares to undertake a capital raise.
Trading of AEV shares will be paused until Thursday, September 8, or until the company releases further details.
It is not yet known how much Avenira is looking to raise or where the funds will be spent.
In late June, the company conducted a 23-hole reverse circulation (RC) drill program, for 4894 metres, at its Jundee South gold project in Western Australia to test beneath existing anomalies.
This work detected “promising” mineralisation in composite analytical results with a best result of four metres at 7.29 grams per tonne (g/t) gold from 160 metres.
Currently, Avenira is planning to conduct follow-up RC and aircore drilling in the fourth quarter.
Shares in Avenira halted at 1.3 cents on August 6.