- DiscovEx Resources (DCX) will soon announce the details of an upcoming capital raise
- The gold explorer today requested a trading halt to be implemented by the ASX, with the request granted
- The trading halt will be lifted once the capital raise announcement is released, or by July 3 — whichever occurs first
- DiscovEx recently sold $430,000 worth of shares held in Carnaby Resources (CNB)
- The $430,000 will be used on further exploration and drilling activities at the company’s Edjudina and Newington projects
- DiscovEx shares last traded for 0.9 cents each, on July 1
DiscovEx Resources (DCX) is gearing up for another capital raise, with details to soon be announced.
The gold exploration company has written to the ASX today, requesting a trading halt, which has been granted.
The trading halt will be lifted once the capital raise announcement is released, or by July 3 — whichever occurs first.
The capital raise comes after DiscovEx recently sold $430,000 worth of shares held in Carnaby Resources (CNB).
The $430,000 will be primarily be used to fund further drilling and exploration activities at its Edjudina and Newington projects.
At the Edjudina gold project, located in the Laverton district of WA’s goldfields region, it’s hoped previous gold intersections may be extended along strike to the north and south.
Meanwhile, at the Newington gold project (also in WA), recently defined priority targets will be drill tested later this year.
Shares in DiscovEx remain in a trading halt, and last traded for 0.9 cents each or July 1, 2020.