- Greenwing Resources (GW1) enters into a trading halt ahead of an upcoming capital raise
- Currently, there is no information about how much they are aiming to raise or where the funds will be spent
- Company shares will be paused until Wednesday, September 8, or when more information about the raise is released to the market
- On the market, Greenwing last traded at 31 cents per share
Greenwing Resources (GW1) has entered into a trading halt ahead of an upcoming capital raise.
The company have not given any details about how much they are aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Wednesday, September 8, or when more information about the raise is released to the market.
Greenwing is an Australian based mining company, focused on producing graphite, advanced materials and lithium.
Earlier this month, Greenwing has executed transaction documents for the purchase of Andes Litio, which holds an option agreement over the San Jorge Lithium Brine Project, located in the prolific lithium triangle in Argentina.
The San Jorge project consists of 15 granted exploration licenses covering 36,600
hectares in the Catamarca province.
The project is now the immediate focus for Greenwing, with an exploration program commencing shortly.
On the market, Greenwing last traded at 31 cents per share.