- European Lithium (EUR) shares have entered a trading halt following an announcement from the company
- The explorer says its shares have been placed in a trading halt pending a formal capital raise declaration
- Securities are expected to remain in a trading halt until January 20, or until a formal announcement regarding the raise is made
- The company wrapped up a $2.1 million share placement in September last year and is currently in the applications process for a gold prospect in West Australia’s Pilbara region
- EUR shares were trading at 7 cents flat prior to the trading halt
European Lithium (EUR) shares have entered a trading halt following an announcement from the company.
The explorer says its shares have been placed in a trading halt pending a formal capital raise declaration, which is expected to take place on or before January 20 when a formal announcement is made to the market.
EUR wrapped up a $2.1 million placement back in September last year, issuing 46.4 million shares to raise funds for the definitive feasibility study at its Wolfsberg Lithium Project in Austria.
In other news, EUR announced it had completed at initial tenement application for a gold prospect in Western Australia’s Pilbara region, where it says a number of prospective gold targets had been identified after an initial review.
EUR says next steps will be to complete the required heritage compliance, allowing the native title notification to commence.
EUR shares were trading at 7 cents flat prior to the trading halt.