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ActivEX drilling in 2012. Source: ActivEX
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  • Activex (AIV) enters trading halt as it plans an upcoming capital raise
  • It is not known how much the company is aiming to raise or where the funds will be spent
  • Under the halt, company shares will be paused on the ASX until Thursday, November 18
  • On the market, Activex last traded at 13 cents per share

Activex (AIV) has entered into a trading halt as it plans an upcoming capital raise.

Currently, it is not known how much the company is aiming to raise or where the funds will be spent.

The halt means company shares will be paused on the ASX until Thursday, November 18, or when more details is released to the market, whichever one comes first.

Activex focused on purchasing, identifying and delineation of mineral resource projects through active exploration. It has projects in Queensland and Western Australia.

Recently, the company completed its reverse circulation drilling program at two prospects within the Gilberton Gold Project in North Queensland.

The drilling program included 31 drill holes for 1881 metres of drilling was completed across the Mt Hogan and Charlie’s South prospects with the aim of testing the extents of gold mineralisation and twin historical drilling.

Yesterday, Activex announced it will shortly begin sampling pegmatites for the potential of lithiumcaesium-tantalum (LCT) mineralisation at its Georgetown Gold Project in North Queensland.

On the market, Activex last traded at 13 cents per share.

AIV by the numbers
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