- BBX Minerals (BBX) ends the week in a trading halt ahead of a capital raise
- Currently, it is not known how much the company is aiming to raise or where the funds will be spent
- Under the halt, BBX shares will be paused until Tuesday, July 5, or when further details on the raise are released to the market
- On the market, BBX shares last traded at 9.5 cents on June 30
BBX Minerals (BBX) has ended the week in a trading halt ahead of a capital raise.
There is no information about how much the company is aiming to raise or where the funds will be spent, however, BBX did say it will also be announcing assay results as well as the raise.
Under the halt, BBX shares will be paused until Tuesday, July 5, or when further details on the raise are released to the market.
BBX is a mineral exploration and technology company withy a focus on developing precious metals extraction processes applicable to the Brazilian discovery and other similar deposits.
Last month, the company encountered precious metal mineralisation at its Três Estados project in Amazonas State, Brazil.
The company revealed results for a reverse circulation drill hole first drilled during a 2017 program, which encountered precious metal mineralisation within both the weathered and unweathered portion of the hole.
On the market, BBX shares last traded at 9.5 cents on June 30.