- Saturn Metals (STN) has frozen its shares as it gets ready to announce a capital raising venture
- The trading halt will remain in place until September 14, giving Saturn enough time to finalise the details of the raise
- Shareholders will need to wait until Monday to find out how much the company is planning to raise, unless Saturn announced the details early
- More recently, the company has been focused on drilling at the Apollo Hill Gold Project in WA
- Saturn wants to upgrade the project’s mineral resource by the end of the year
- Shares in Saturn Metals last traded for 70 cents each
Gold exploration company Saturn Metals (STN) has frozen its shares as it gets ready to announce a capital raising venture.
The trading halt will remain in place until Monday, September 14, giving Saturn enough time to finalise the details of the raise.
Shareholders will have to wait until Monday to find out how much the company is planning to raise, unless Saturn announces the details early.
More recently, the company has been focused on a reverse circulation drilling program at the Apollo Hill Gold Project in WA.
The drilling program is part of Saturn’s wider plan to grow the 781,000-ounce mineral resource estimate at Apollo Hill.
The company said an upgrade is expected before the end of the year.
Before today’s trading halt, shares in Saturn Metals were trading for 70 cents each on Wednesday, September 9.