- Azure Minerals (AZS) has entered back-to-back trading halts ahead of an upcoming capital raise
- Company shares will be back trading on the market by Monday, July 20, or when Azure releases information about the raise
- It is unknown what the raise will be used for and how much Azure wants to bring in
- Recently, Azure resumed gold and silver exploration in Mexico after the government classified the mining industry as essential
- Azure last traded on the market for 12.5 cents on July 13
Azure Minerals (AZS) has entered back-to-back trading halts ahead of an upcoming capital raise.
The company will commence trading on Monday, July 20, or when the capital raise details are released to the market. It is unknown what the raise will be used for and how much Azure wants to bring in.
Recently, Azure resumed gold and silver exploration in Mexico after the government classified the mining industry as essential.
However, the Ministry of Health will need to approve each of the company’s new safety measures to combat COVID-19. The measures will include health, safety and hygiene standards.
No other announcement has been made since then regarding the company’s operations. However, Azure did say once operations do resume, it will conduct field exploration on silver, gold and copper targets at its Alacrán Project.
These targets were found in late Marchwhen the company completed a drilling program.
Azure last traded on the market for 12.5 cents on July 13.