- Metals Australia (MLS) has placed its shares in a trading halt as it gets ready to announce a capital raise
- The company expects the raise to be announced sometime before Thursday, August 20
- Metals Australia recently announced its field exploration campaign has gotten underway at the Eade Gold Project in Quebec
- The campaign is focused on testing the numerous significant gold exploration targets identified at the project
- Shares in Metals Australia last traded for 0.3 cents each
Exploration company Metals Australia (MLS) has placed its shares in a trading halt as it gets ready to announce a capital raise.
The trading halt will last until the announcement is made, or until Thursday, August 20.
Recently, Metals Australia announced its field exploration campaign has gotten underway at the Eade Gold Project, in Quebec.
The campaign is focused on testing the numerous gold exploration targets identified at the project across the 15-kilometre strike length of the Lac Gruyer Greenstone Belt.
The company said significant exploration targets have been identified at the Eade Gold Project – but they were never followed up by modern exploration techniques.
Exploration at the site is now almost two weeks in and Metals Australia will update shareholders with progress soon.
In the meantime, shares in Metals Australia last traded for 0.3 cents per share on August 17.