- Matador Mining (MZZ) enters a trading halt as the company prepares to undertake a capital raise
- Trading of the shares will be paused until Friday, July 15, by which time further details would have been released to the market
- The company has three projects targeting gold exploration in Newfoundland, Canada
- Whilst it is not yet known where the funds will be directed, Matador has recently focussed its exploration efforts at its Cape Ray gold project
- Shares in the company last traded at 13.5 cents each on July 11
Matador Mining (MZZ) has entered a trading halt as the company prepares to undertake a capital raise.
Trading of the shares will be paused until Friday, July 15, by which time further details would have been released to the market.
The company has three projects targeting gold exploration in Newfoundland, Canada.
Whilst it is not yet known where the funds will be directed, Matador has recently focussed its exploration efforts at its Cape Ray gold project.
Last month, it identified eight high-tenor gold grain anomalies from till sampling conducted near the project.
It planned to infill and extend till sampling around the anomalies and refine diamond drill targets.
Shares in the company last traded at 13.5 cents each on July 11.