- Avira Resources (AVW) enters a trading halt ahead of an upcoming capital raise
- It is unknown how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Monday, September 20, or when more information about the capital raise is released to the market
- On the market, Avira last traded at 0.6 cents per share
Avira Resources (AVW) has entered into a trading halt ahead of an upcoming capital raise.
There is currently 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 Monday, September 20, or when more information about the raise is released to the market.
Avira holds two tenements in the Paterson Province of Western Australia, which hosts several mines such as Nifty and Telfer.
The company released its quarterly report for the end of June.
Over the period, the company spent $177,000 on operative actives, with majority of that cash going towards admin and corporate costs.
At the end of the quarter, Avira had cash and cash equivalents of $305,000.
On the market, Avira last traded at 0.6 cents per share.