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  • Caeneus Minerals (CAD) begins the week in a trading halt pending a capital raising and a key milestone announcement
  • The company will remain in the halt until July 28 or when an announcement is made, whichever occurs first
  • In mid-May, Caeneus revealed it had appointed Davide Bosio as Non-Executive Chairman, replacing Peter Christie who will become a Non-Executive Director
  • Mr Bosio has more than 20 years’ experience in the stockbroking industry and is the WA State Manager at Shaw and Partners
  • Shares in Caeneus last traded at one cent on July 22

Caeneus Minerals (CAD) has begun the week in a trading halt pending a capital raising and a key milestone announcement.

The company will remain in the halt until July 28 or when an announcement is made, whichever occurs first.

Caeneus is yet to disclose how much it intends to raise, what it will use the funds for or what the key milestone is.

In mid-May, Caeneus revealed it had appointed Davide Bosio as Non-Executive Chairman, replacing Peter Christie who will step down to Non-Executive Director.

Mr Bosio has over 20 years of experience in the stockbroking industry and is the WA State Manager at Shaw and Partners.

Previously, he has worked with the likes of De Grey Mining (DEG) and Ramelius Resources, and is currently a Non-Executive Director at Shree Minerals (SHH) and Connected IO (CIO).

Caeneus last tapped investors for cash in September 2020 in regards to a $2 million placement.

The funds were raised through the issue of 200 million fully-paid ordinary shares to sophisticated and professional investors at one cent.

Once received, Caeneus used the money to undertake exploration activities at its Mallina Basin Tenement in Western Australia.

Shares in Caeneus last traded at one cent on July 22. The company has a $39.86 million market cap.

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