- Genesis Minerals (GMD) enters a trading halt ahead of an announcement in regards to a capital raise and proposed material corporate transaction
- Trading of GMD shares will be suspended until Wednesday, July 6, or until the company releases further details about the funds being raised
- Last month, the company addressed media speculation and confirmed merger and acquisition discussions with St Barbara (SBM)
- It also flagged it was exploring a number of other business development opportunities in the Leonora region
- Shares in the company last traded at $1.21 each on July 1
Genesis Minerals (GMD) has entered a trading halt ahead of an announcement in regards to a capital raise and proposed material corporate transaction.
Trading of GMD shares will be suspended until Wednesday, July 6, or until the company releases further details about the funds being raised.
At this stage it is not yet clear how much it is looking to raise or where the funds will be directed.
The company has a focus on gold mining and exploration in the Leonora region of Western Australia.
Last month, it addressed media speculation and confirmed merger and acquisition discussions with St Barbara (SBM).
GMD also flagged it was exploring a number of other business development opportunities in the Leonora region.
Shares in the company last traded at $1.21 each on July 1.