- Tempus Resources (TMR) begins the week in a trading halt while it plans the details of an upcoming capital raising
- The company will remain in the halt until Wednesday, July 27, or when more details are released to the market, whichever occurs first
- On July 7, Tempus announced it had observed visible gold in hole EZ-22-09 at the Elizabeth Gold Project in Southern British Columbia, Canada
- Tempus suggested the percentage would be less than 0.01 per cent gold, however, laboratory assays and analysis will need to be undertaken to confirm the observation
- Shares in Tempus last traded at 6.6 cents on July 22
Tempus Resources (TMR) has begun the week in a trading halt while it plans the details of an upcoming capital raising.
The company will remain in the halt until Wednesday, July 27, or when more details are released to the market, whichever occurs first.
Tempus is yet to disclose how much it intends to raise or what it will use the funds for once received.
On July 7, Tempus announced it had observed visible gold in hole EZ-22-09 at the Elizabeth Gold Project in Southern British Columbia, Canada.
Tempus suggested the percentage would be less than 0.01 per cent gold, however, laboratory assays and analysis will need to be undertaken to confirm the observation.
Tempus last tapped investors for cash in August 2021 when it undertook a $6.28 million placement to extend drilling at the Elizabeth Gold Project.
The funds were raised through the issue of 24.99 million shares to institutional investors at a price of 2.51 cents per share.
Shares in Tempus last traded at 6.6 cents on July 22. The company has an $8.94 million market cap.