Total
0
Shares
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Alligator Energy (AGE) enters a trading halt as it plans an upcoming capital raise
  • So far, it is unknown how much it plans to raise or where the funds will be spent
  • Company shares will be paused until Monday, August 2, or when more information is released to the market
  • On the market, Alligator last traded at 3.6 cents per share

Alligator Energy (AGE) has entered into a trading halt as it plans an upcoming capital raise.

The company has given no details on how much it is aiming to raise or where the funds will be spent.

Under the halt, trading in company shares will be paused until Monday, August 2, or when more information is released to the market.

Alligator Energy is an Australian based exploration company focused on uranium and energy-related minerals.

Earlier this week, the company announced it would be included in the Global X Uranium ETF, one of the world’s largest uranium and nuclear exchange traded funds.

The ETF is considered the largest in the uranium sector and touts net assets of approximately US$645 million (A$876 million).

Commenting on this announcement CEO Greg Hall said the inclusion shows the growth and value of Alligator.

“We will focus on building value in our existing projects while continuing evaluation of further targeted external uranium resource opportunities,” he said.

On the market, Alligator last traded at 3.6 cents per share.

AGE by the numbers
More From The Market Herald
Serko (ASX:SKO)- CEO, Darrin Grafton

" Serko (ASX:SKO) completes $72m placement

Serko Limited (SKO) has announced the successful completion of its NZ$75 million (A$72 million) placement.
Registry Direct (ASX:RD1)- Founder and CEO, Steuart Roe

" Registry Direct (ASX:RD1) ends week in trading halt

Registry Direct (RD1) has ended the week in a trading halt as it plans an upcoming capital raise.

" Elmore (ASX:ELE) enters trading halt amid capital raise

Elmore (ELE) has requested a trading halt to allow the board to finalise a capital raise.
White Rock Minerals (ASX:WRM) - Managing Director, Matt Gill

" White Rock Minerals (ASX:WRM) enters halt ahead of fundraise

White Rock Minerals (WRM) has placed its securities in a trading halt as it gets ready to raise extra funds through a capital