- Wia Gold (WIA) places its shares in a trading halt pending the release of a capital raising announcement
- The company will remain in the halt until the earlier of Tuesday, September 6, or when the announcement is released to the public
- In August, Wia completed its diamond drilling program at the Kokoseb gold discovery within its Damaran gold project in Namibia
- Results from the five holes confirmed significant gold mineralisation in the area with up to 6.31g/t gold intersected
- Shares in Wia last traded at 6.4 cents on August 31
Wia Gold (WIA) has placed its shares in a trading halt pending the release of a capital raising announcement.
The company will remain in the halt until the earlier of Tuesday, September 6, or when the announcement is released to the public.
The company is yet to disclose how much it intends to raise or what it will use the funds for once received.
In August, Wia had rounded off its diamond drilling program at the Kokoseb gold discovery within its Damaran gold project in Namibia.
Results from five diamond drill holes, located on different sections of the surface gold anomaly, confirmed significant gold mineralisation in the area.
The company said it was now working to fast-track mineralisation delineation at Kokoseb.
Shares in Wia last traded at 6.4 cents on August 31.