- Okapi Resources (OKR) enters a trading halt ahead of a capital raising and material acquisition
- The company will remain in the halt until the earlier of July 12 or when more information is released
- A few days ago, Okapi revealed it had completed soil sampling on the newly granted E63/2039 tenement in Western Australia
- The samples are currently undergoing analysis and once received, the results will be used to confirm historical results and better define drill targets
- Shares in Okapi last traded at 22 cents on July 7
Okapi Resources (OKR) has entered a trading halt ahead of a capital raising and material acquisition.
The company will remain in the halt until the earlier of July 12 or when more information is released.
Okapi is yet to disclose how much it intends to raise or what projects it will be acquiring.
A few days ago, Okapi revealed it had completed soil sampling on the newly granted E63/2039 tenement in Western Australia.
This tenement is part of the Maggie Hays Hill Project which lies roughly 450 kilometres east of Perth and neighbours Okapi’s Mount Day Project.
Samples are currently in Perth undergoing analysis and the results will allow for a greater perspective on the mineralisation.
Results are expected within weeks and Okapi will use them to confirm historical results and better define drill targets.
Shares in Okapi last traded at 22 cents on July 7. The company has an $11.73 million market cap.