- Monger Gold (MMG) ends week in a trading halt ahead of an upcoming capital raise
- So far, it is not known how much the company is aiming to raise but did say it is planning a material acquisition
- MMG shares will be paused until Tuesday, May 3, or when a further announcement about the raise is released to the market
- On the market, Monger last traded at 28 cents per share
Monger Gold (MMG) has ended the week in a trading halt as it plans to undertake a capital raise.
It is not known how much the company is aiming to raise and what for but did say there is an upcoming material acquisition.
Under the halt, MMG shares will be paused until Tuesday, May 3, or when a further announcement about the raise is released to the market.
Monger is an Australian-based resource exploration company and is focused on gold, nickel and base metal projects located in the eastern goldfields in WA.
Last month, the company commenced its diamond drilling at Providence prospect, located within the Monger North project, near Kalgoorlie.
The drilling program includes three drill holes to determine structure and extensions of the gold sample.
On the market, Monger last traded at 28 cents per share.