- Parabellum Resources (PBL) enters into a trading halt ahead of a capital raise
- It is not known to the market on how much the company is aiming to raise or how it plans to spend the money
- Company shares will be paused until Friday, August 19, or when further information has been released to the market
- Shares in Parabellum last traded at 25 cents on August 16
Parabellum Resources (PBL) has entered into a trading halt ahead of a capital raise.
It is not known to the market on how much the company is aiming to raise or how it plans to spend the money.
Company shares will be paused until Friday, August 19, or when further information has been released to the market.
The company is an Australian minerals explorer committed to increasing shareholder wealth through the acquisition, exploration and development of mineral resource projects in Australia and abroad.
Earlier in the year, the company had begun its airborne electromagnetic (EM) surveying in early February to generate walk-up drill targets.
The aim of the survey is to target massive sulphide copper mineralisation in Western NSW and copper-gold skarn mineralisation around an intrusive complex in Central NSW.
Shares in Parabellum last traded at 25 cents on August 16.