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- Junior explorer Aldoro Resources (ARN) places its shares in a trading halt while it inks out the details of a capital raising
- The company’s shares will remain in the halt until the earlier of April 13 or when an announcement with more information on the planned raising is released to the market
- On March 17, Aldoro completed a 65-hole reverse circulation drilling program at its Niobe lithium project in Western Australia’s Mid West region
- The company says the majority of the holes intersected pegmatites and confirmed historical drilling
- ARN shares last traded at 27 cents on April 8
Aldoro Resources (ARN) has placed its shares in a trading halt while it inks out the details of a capital raising.
The company’s stock will remain in the halt until the earlier of April 13 or when an announcement on the specifics of the planned raising is released to the market.
Aldoro was yet to disclose what it intends using the funds for once received.
On March 17, Aldoro completed a 65-hole reverse circulation (RC) drilling program at its Niobe lithium project in Western Australia’s Mid West region.
The company said most of the holes intersected pegmatites and validated historical drilling, with pegmatite intersections continuing to be as thick as or thicker than predicted.
Aldoro said it would look to calculate a mineral resource estimate for Niobe after assay results were received.
ARN shares last traded at 27 cents on April 8.
