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- African Gold (A1G) enters into a trading halt as it plans for an upcoming capital raise
- Currently, there are no details on how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused Wednesday, September 8, or when more information about the raise is released to the market
- On the market, African Gold last traded at 20.5 cents per share
African Gold (A1G) has entered into a trading halt as it plans for an upcoming capital raise.
There are no details as to what the company is planning to raise or why it wants the money.
Under the halt, company shares will be paused until Wednesday, September 8, or when more information about the raise is released to the market.
African Gold is an Australian-based mineral exploration company exploring Africa.
Last month, the company confirmed and extended mineralisation at the Blaffo Gueto prospect, located within the Didievi Gold Project in Cote d’Ivoire.
African gold recently completed a maiden 200-metre diamond and reverse circulation (RC) drilling program at the project.
The drilling confirmed the presence of a large gold system over an area of at least 1.5 kilometres by one kilometre and is open in all directions.
On the market, African Gold last traded at 20.5 cents per share.
