- Pursuit Minerals (PUR) has entered a trading halt ahead of an upcoming capital raise
- Company shares will be paused until Frida,y or when Pursuit releases information about the raise
- During the COVID-19 pandemic, Pursuit suspended all operations at its projects and took measures to preserve the company’s financial resources
- Company shares last traded for 0.6 cents each on July 14
Pursuit Minerals (PUR) has entered a trading halt ahead of an upcoming capital raise.
Company shares will be paused until Friday, or when PUR releases information about the raise.
Today, Pursuit entered the halt to finalise the raise details. However, at this stage, it’s uncertain how much the company is aiming to raise and what the fund will be used for.
As of the end of March, the company had $593,000 in cash reserves and a Swedish goods and service tax (GST) receiveable of $132,000.
During the COVID-19 pandemic, Pursuit suspended all operations at its projects and took measures to preserve the company’s financial resources.
In late March, Mark Freeman was appointed the new CEO and commenced in his role on April 1.
Company shares last traded for 0.6 cents each on July 14.