Join our daily newsletter At The Bell to receive exclusive market insights
- Titanium Sands (TSL) enters a trading halt as it prepares to undertake a capital raise
- Trading of TSL shares will be paused until at least Monday, August 1, or until the company releases more details
- The company specialises in defining and developing heavy mineral sands deposits, with exploration operations centred in Sri Lanka
- It last sought out funds from investors in May, when it completed a $2 million placement to fund its Mannar island project
- Shares is TSL last traded at 1.2 cents each on July 20
Titanium Sands (TSL) has entered a trading halt as it prepares to undertake a capital raise.
Trading of TSL shares will be paused until at least Monday, August 1, or until the company releases more details.
It is not yet known how much Titanium is looking to raise or where the funds will be directed.
The company specialises in defining and developing heavy mineral sands deposits, with exploration operations centred in Sri Lanka.
Last month, it was wrapping up infill drilling at its Sri Lankan mineral sands project and was working to secure mining licenses.
TSL last sought out funds from investors in May, when it completed a $2 million placement to fund its Mannar island project.
Shares in the company last traded at 1.2 cents each on July 20.
