- Metal Hawk (MHK) enters a trading halt while it plans a capital raise
- The company has not yet announced how much it plans to raise nor how it will spend the money, choosing to focus on its various ongoing drill programs in Western Australia
- The company expects to remain in the trading halt until Wednesday, September 28, by which time it plans to have released the details of the capital raise
- Shares in Metal Hawk last traded at 19.5 cents on September 21
Metal Hawk (MHK) has entered a trading halt while it plans a capital raise.
The company has not yet announced how much it plans to raise nor how it will spend the money, choosing to focus on its various ongoing drill programs in Western Australia.
Earlier this month, the company was preparing to launch its drill program at the Viking gold project in WA with Falcon Metals (FAL).
A total of 1600 metres of reverse circulation drilling will be completed to follow up on previous high-grade gold intercepts at depth.
Assays are expected in three months.
The company expects to remain in the trading halt until Wednesday, September 28, by which time it plans to have released the details of the capital raise.
Shares in Metal Hawk last traded at 19.5 cents on September 21.