- Woomera Mining (WML) enters a trading halt as it plans an upcoming capital raise
- It is currently unknown how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Tuesday, October 5, or when more information about the raise is released to the market
- On the market, Woomera last traded at 2.1 cents per share
Woomera Mining (WML) has entered a trading halt as it plans an upcoming capital raise.
Currently, there is no information on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Tuesday, October 5, or when more information about the raise is released to the market.
Woomera Mining is an Adelaide based explorer with exploration assets in Western Australia and South Australia.
Recently, the company extended its Baby Bear prospect at its Mt Venn Joint Venture Project in WA.
A drilling program at the Three Bears gold prospect returned broad thicknesses of gold mineralisation, including 15 metres at 0.7 grams of gold per tonne from 140 metres at the Baby Bear lode.
On the market, Woomera last traded at 2.1 cents per share.