- Volt Resources (VRC) has entered a trading halt this morning as it gets ready to announce a capital raise
- Shareholders will have to wait until October 14 to find out how much the company is planning to raise — the last day the trading halt is in effect
- More recently, the company changed focus at its Kouroussa, Nzima and Fadougou assets by changing its permits
- VRC’s Guinea gold projects now consist of four exploration permits and two reconnaissance permits
- Shares in Volt Resources last traded for 1.2 cents each
Exploration company Volt Resources (VRC) has entered a trading halt this morning as it gets ready to announce a capital raise.
Shareholders will have to wait until Wednesday, October 14, to find out how much the company is planning to raise — the last day the trading halt is in effect.
The trading halt and capital raise announcement come as the company recently changed focus at a number of its assets in Guinea.
Volt Resources announced earlier this month it had converted the permits for its Kouroussa, Nzima and Fadougou tenements from reconnaissance to gold exploration.
In total, the company’s Guinea gold projects now consist of four exploration permits and two reconnaissance permits.
Now, Volt is planning to conduct an exploration program at the newly converted Fadougou permit, which will commence at the end of the wet season next month.
Its also progressed with the construction of two jointly funded auger rigs, which will eventually be used to drill its Nzima, Kouroussa and Konsolon permits.
Before today’s trading halt, shares in Volt Resources were trading for 1.2 cents each on Friday, October 9.