- Kopore Metals (KMT) enters a trading halt ahead of an upcoming capital raise
- Currently, it is not known how much the company is aiming to raise or where the funds will be spent
- Under the halt, company shares will be paused until Thursday, December 9, or when further details about the raise is released to the market
- Kopore Metals is currently exploring and drilling at its copper-silver project located in the Kalahari Copper Belt
- On the market, Kopore is in the grey and trading at 3.4 cents per share
Kopore Metals (KMT) has entered into a trading halt ahead of an upcoming capital raise.
So far, no details have been announced to the market about the raise, including how much or where the funds will be spent.
Company shares will be paused until Thursday, December 9, or when further details is announced.
Kopore Metals is currently exploring and drilling at its copper-silver projects located in the Kalahari Copper Belt.
Recently, the company appointed James Eggins as its Non-Executive Chairman.
Mr Eggins has previously held senior management roles at Queensland mines, which developed and operated the Nabarlek uranium project in the Northern Territory.
In line with this new appointment, Peter Meagher resigned from his positions as Non-Executive Chairman.
Newly appointed Managing Director and CEO, Caroline Keats, said Mr Eggins was an experienced mining executive with a breadth of skills that would greatly benefit the company.
“James has been intimately involved with the uranium sector for almost four
decades and I look forward to working with him to identify new and exciting
opportunities for the company, as well as advancing our Horseshoe West
joint venture project with Murchison and our Botswana assets in the Kalahari Copper Belt,” Ms Keats said.
On the market, Kopore was in the grey and trading at 3.4 cents per share.