- Nagambie Resources (NAG) enters a trading halt as the company awaits a capital raise
- Trading of NAG shares will be paused until at least Wednesday, July 13, by which time the company would have released further details about the funds it is looking to raise
- The company specialises in gold exploration and has had a recent focus on progressing work at its Nagambie mine in Victoria
- Last week the company confirmed costerfield-mine-style, antimony-gold mineralisation at the mine
- Shares in the company last traded at 56 cents each on July 7
Nagambie Resources (NAG) has entered a trading halt as the company awaits a capital raise.
Trading of NAG shares will be paused until at least Wednesday, July 13, by which time the company would have released further details about the funds it is looking to raise.
The company specialises in gold exploration and has had a recent focus on progressing work at its Nagambie mine in Victoria.
Last week the company confirmed costerfield-mine-style, antimony-gold mineralisation at the mine.
This came after the first four diamond holes drilled intersected “significant” stibnite veining striking north to the north-northwest.
Whilst it is unknown where the money of the capital raise will be directed, the recent success seen at the mine could have triggered the desire for more exploration funds.
Shares in the company last traded at 56 cents each on July 7.