- DiscovEx Resources (DCX) has entered a trading halt ahead of an acquisition and capital raise
- At this stage, there aren’t any details on how much will be raised, what the money will be used for, or what will be acquired
- However, the market won’t have to wait any later than Friday, January 15, to be given the full details
- DiscovEx’s shares last traded at 0.7 cents on Tuesday, January 12
DiscovEx Resources (DCX) has entered a trading halt ahead of an acquisition and capital raise.
At this stage there aren’t any details on how much the company will raise, or what it will use the money for. Additionally, it isn’t clear what will be acquired.
Nevertheless, the market won’t have to wait any later than Friday, January 15, to be given the details on the acquisition and of how much DiscovEx is raising.
DiscovEx Resources, formerly Syndicated Metals, is a WA-based gold explorer focused on the Newington and Edjudina gold projects.
Company news has been quite slow since the holiday break, and the most recent significant update was given just before Christmas.
Fellow ASX-lister Si6 Metals (S16) received impressive high-grade gold results from the Monument Gold Project in the world-class Laverton district of WA. It also confirmed anomalous gold mineralisation extends over nine kilometres of strike between two prospects within the project.
Si6 and DiscovEx entered a binding heads of agreement in August 2020 for Si6 to acquire a 100 per cent interest in the Monument Gold Project.
DiscovEx’s shares last traded at 0.7 cents on Tuesday, January 12.