- Los Cerros (LCL) enters into a trading halt ahead of an upcoming capital raise
- So far, it is unknown how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Friday, July 16, or when more information about the raise is released to the market
- On the market, Los Cerros last traded at 18 cents per share
Los Cerros (LCL) have entered into a trading halt ahead of an upcoming capital raise.
It is unknown how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Friday, July 16, or when more information about the raise is released to the market.
Los Cerros is a listed exploration and mining company that was created in 2019 in a merger with Metminco and Andes Resources.
Earlier this month, the company found further gold intercepts at its Quinchia Gold Project in Risaralda, Colombia.
The company has received assays for holes TS-DH25 and TS-DH26 with both intercepting high-grade gold mineralisation at the surface.
These new results continue to expand the surface high-grade zone first identified in hole TS-DH24 and still remains open to the north and east.
Currently, Los Cerros is awaiting results from TS-DH27, which, according to the company, could dramatically change the Tesorito North area.
On the market, Los Cerros last traded at 18 cents per share.