Aldoro Resources (ASX:ARN) - Non Executive Chairman, Joshua Letcher
Non Executive Chairman, Joshua Letcher
Source: Joshua Letcher/LinkedIn
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • 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.

ARN by the numbers
More From The Market Herald
The Market Herald Video

" Capital raising and IPO news: Orcoda (ASX:ODA) raises for vehicle buy

Logistic tech business Orcoda (ASX:ODA) raised just over $1.25 million through a placement and share purchase plan to…
Future First Technologies (ASX:FFT) - Incoming CEO, Adrian Rudman

" Future First Technologies (ASX:FFT) enters trading halt, announces board changes

Future First Technologies (ASX:FFT) has begun the week in a trading halt ahead of an upcoming…
The Market Herald Video

" Resolution Minerals (ASX:RML) enters week in trading halt

Resolution Minerals (ASX:RML) enters week in a trading halt ahead of an upcoming capital raise.
Altech Chemicals (ASX:ATC) - Managing Director, Iggy Tan

" Altech Chemicals (ASX:ATC) flags capital raising

Altech Chemicals (ASX:ATC) has placed its shares in a two-day trading halt as it gets ready…