- Peak Minerals (PUA), formerly Pure Alumina, has entered a trading halt pending an upcoming capital raising
- The company will remain in the halt until September 21 or when an announcement is made, whichever occurs first
- Peak’s name changed on July 31, reflecting its focus on developing its existing gold tenements and seeking acquisition opportunities in other minerals such as gold, copper and nickel
- The company last entered a trading halt in May of this year under its previous name Pure Alumina to undertake a $2 million placement and entitlement issue
- Once completed, the money was used for exploration, undertaking due diligence, and general working capital purposes
- Shares in Peak last traded for 2.7 cents on September 16
Peak Minerals (PUA), formerly Pure Alumina, has entered a trading halt pending an upcoming capital raising.
The company will remain in the trading halt until September 21, or when an announcement is made, whichever occurs first.
Peak’s name changed on July 31, reflecting its focus on developing its existing gold tenements and seeking acquisition opportunities in other minerals such as gold, copper and nickel.
On September 14, Peak announced it had completed a full geological review of its Hill End gold project in the Lachlan Fold Belt of New South Wales.
The company undertook a comprehensive review of the drilling results generated over the years from both Hill End and the Hargraves deposit.
Peak will use the results to formulate an updated geological model which, in turn, is expected to support a new exploration campaign.
The company last entered a trading halt in May 2020 under its previous name Pure Alumina to undertake a $2 million placement and entitlement issue.
Once completed, the money was used for exploration, undertaking due diligence, and general working capital purposes.
Shares in Peak last traded for 2.7 cents on September 16.