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- Twenty Seven Co (TSC) has entered back-to-back trading halts ahead of a capital raise announcement
- Aside from raising capital, the Australia-based explorer intends to acquire a mining lease and two exploration tenements in the WA Goldfields region and one exploration license in New South Wales
- Twenty Seven Co’s further tenure in the WA Goldfields is likely to be nearby, or part of its existing Rover Project which has consistently returned positive gold results
- Whether or not the upcoming capital raise will support these applications or further exploration is not yet known
- Company shares last traded for 0.5 cents on Friday, September 4
Twenty Seven Co (TSC) has entered back-to-back trading halts ahead of a capital raise announcement.
The company expects to remain in a trading halt until Friday, September 11, unless the capital raise is announced earlier.
The Australia-based explorer has prefaced its intention to acquire a mining lease and two exploration tenements in the Goldfields region of Western Australia, one exploration license in New South Wales and to raise capital.
Twenty Seven Co’s further tenure in the WA Goldfields is likely to be nearby, or part of its existing Rover Project.
Time and time again, the Rover Project has returned significant results, with the latest update confirming significant gold anomalism extensions.
Company CEO, Ian Warland, has previously spoken to TSC’s focus on discovering and developing high-quality gold targets along the extensive Maynard Hill greenstone belt in which the Rover Project sits.
Whether or not the upcoming capital raise will support these applications or further exploration is not yet known.
Company shares last traded for 0.5 cents on Friday, September 4.
