- Fertoz (FTZ) enters a trading halt as the company prepares to undertake a capital raise
- Trading of FTZ shares will be paused until Monday, August 22, by which time the company would have released further details into the funds it is looking to raise
- Whist it is unknown where exactly the funds will be directed, Fertoz has planned to develop an organic fertiliser pellet plant in the US
- During the June quarter, the company was continuing to advance its reforestation project in south east Asia, with a funding partner expected by the end of the year
- Shares in the company last traded at 21 cents each on August 16
Sustainable land management and carbon credit development company Fertoz (FTZ) has entered a trading halt as the company prepares to undertake a capital raise.
Trading of FTZ shares will be paused until Monday, August 22, by which time the company would have released further details into the funds it is looking to raise.
Whist it is unknown where exactly the funds will be directed, Fertoz has planned to develop an organic fertiliser pellet plant in the US.
During the June quarter, the company continued to advance its reforestation project in southeast Asia, with a funding partner expected by the end of the year.
It also recently secured a new tenement in Canada to allow for easily accessible phosphate material for its future supply demands.
The company finished the quarter with $4.39 million in available funding, which was estimated to last just under six quarters.
Shares in the company last traded at 21 cents each on August 16.