- Impact Minerals (IPT) is looking to raise fresh capital as it places company shares in a trading halt
- Company shares are expected to remain in the trading halt on or before Wednesday, April 21, when a formal announcement regarding the raise is made to market
- There’s been no clear indication from Impact at this stage in terms of how much it hopes to raise or for what purpose
- As at December 31 2020, the company revealed it had roughly $2.5 million in cash and equivalents
- Prior to the trading halt, Impact Minerals shares last traded at 2 cents
Impact Minerals (IPT) is looking to raise fresh capital as it places company shares in a trading halt.
Investors are expected to receive full details regarding the raise on or before Wednesday, April 21, at which time the trading halt will be lifted.
At this stage there has been no clear indication from Impact Minerals as to how much it is looking to collect from investors or what it’s got in store for the funds should the raise go as planned.
The company has a suite of base and precious metal projects across New South Wales and Western Australia, including its Broken Hill project, the Commonwealth project and the Arkun project.
According to Impact, recent drill efforts at its Little Broken Hill have returned significant platinum group elements (PGE), copper and nickel mineralisation within the project, shown to be up to 60 metres thick and extending to a depth of at least 150 metres from the surface.
As at December 31 2020, the company revealed it had roughly $2.5 million in cash and equivalents.
Prior to the trading halt, Impact Minerals shares last traded at 2 cents.