- Meeka Metals (MEK) enters a trading halt as the company prepares to undertake a capital raise
- Trading MEK shares will be paused until Monday August 15, or by the time the company releases further details
- The company focuses on gold and rare earths, with a portfolio of projects across Western Australia
- Whilst it is not yet known where the funds will be directed, just yesterday the company flagged “exceptionally” high-grade gold at its Murchison gold project
- Shares in the company last traded at 6.7 cents each
Meeka Metals (MEK) has entered a trading halt as the company prepares to undertake a capital raise.
Trading of MEK shares will be paused until Monday, by which time the company would have released further details.
The company focuses on gold and rare earths, with a portfolio of projects across Western Australia.
Whilst it is not yet known where the funds will be directed, just yesterday the company flagged “exceptionally” high-grade gold at its Murchison gold project.
Meeka reported assays from 38 holes, with the results highlighting broad zones of high-grade gold at the northern end of the St Anne’s prospect.
The company has planned to include St Anne’s in the project’s mineral resource in the December quarter.
At the end of the June quarter, the company was running low on available funds, with the money flagged to not be enough to sustain its operating activities for the third quarter.
Shares in the company last traded at 6.7 cents each.