- Raiden Resources (RDN) enters a trading halt ahead of a capital raise
- Trading of RDN shares will be paused until at least Tuesday, or until the company releases more details
- Whilst it is not yet known where the funds will be directed, the company executed an access agreement earlier this month for its Mt Sholl project in WA
- It plans to conduct a drill program targeting PGM and cobalt mineralisation and define a mineral resource at the Kudos prospect
- The company’s shares last traded at 0.8 cents each on July 28
Raiden Resources (RDN) has entered a trading halt ahead of a capital raise.
Trading of RDN shares will be paused until at least Tuesday, or until the company releases more details.
Whilst it is not yet known where the funds will be directed, the company executed an access agreement earlier this month for its Mt Sholl project in WA.
It plans to conduct a drill program targeting platinum group metals and cobalt mineralisation and define a mineral resource at the Kudos prospect.
In addition, it aims to convert historical exploration targets into JORC 2012-compliant resources.
Raiden has exploration projects across Serbia, Bulgaria, and the Pilbara region of Western Australia.
The company’s shares last traded at 0.8 cents each on July 28.