- Australian gold producer Pantoro (PNR) enters a trading halt as it finalises the details of an upcoming capital raise
- So far, it is not known how much the company is aiming to raise or where it will spend the money
- The halt means company shares will be paused until Monday, March 14, by which time details of the raise are expected to be released to the market
- Earlier this week, the company announced further high-gold at Norseman, located in the Eastern Goldfields of WA
- On the market, Pantoro last traded at 34 cents per share on March 9
Pantoro (PNR) has entered into a trading halt ahead of a capital raise.
It is currently not known how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Monday, March 14, by which time the details of the raise are expected to be released to the market.
Pantoro is an Australian gold producer with two projects in Western Australia including the Halls Creek gold project and Norseman gold project.
Earlier this week, the company announced further high-gold at Norseman, located in the Eastern Goldfields region.
Drilling has focused on the Scotia Deeps and Green Lantern deposits to extend the known mineralisation and convert the indicated mineral resource and probable ore reserve.
Grades have so far peaked at 18.16 grams per tonne (g/t) gold from Scotia Deeps and 20.08 g/t gold from Green Lantern.
On the market, Pantoro last traded at 34 cents per share on March 9.