Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Corazon Mining (CZN) has entered into a trading halt today ahead of an upcoming capital raise
  • Currently, there is no information released to the market about how much the company is aiming to raise or where the funds will be spent
  • Under the halt, company shares will be paused until Wednesday, February 24, or when more information is released to the market
  • Last month, the company received approval to drill the South Pipe target at the Lynn Lake Project in Canada
  • On the market, Corazon last traded for 5.7 cents per share on February 20

Corazon Mining (CZN) has entered into a trading halt today ahead of an upcoming capital raise.

There is currently no information released to the market about how much the company is aiming to raise or where the funds will be spent.

Company shares will be paused until Wednesday, February 24, or when more information is released to the market.

Corazon is an Australian-based explorer that is developing the Lynn Lake Project in Manitoba, Canada and the Mt Gilmore Project in NSW.

Last month, the company received approval to drill the South Pipe target at the Lynn Lake Project.

During one of its recently completed aerial MobileMT geophysical surveys at the project, the company found the South Pipe target.

Corazon said it will immediately begin the preparations for drilling at the South Pipe target.

At the end of the December quarter, Corazon had $693 million in cash and cash equivalents.

On the market, Corazon last traded for 5.7 cents per share on February 20.

CZN by the numbers
More From The Market Herald

" Carnaby Resources (ASX:CNB) ends week in a trading halt

Carnaby Resources (ASX:CNB) enters a trading halt as it plans an upcoming capital raise.

" Askari Metals (ASX:AS2) plans to raise capital for lithium purchase

Askari Metals (AS2) has entered a trading halt as it plans an upcoming capital raise.
Telix Pharmaceuticals (ASX:TLX) - CEO, Christian Behrenbruch

" Telix Pharmaceuticals (ASX:TLX) planning capital raise

Telix Pharmaceuticals (ASX:TLX) enters a trading halt while it plans an upcoming capital raise.
Alice Queen (ASX:AQX) - Managing Director, Andrew Buxton

" Alice Queen (ASX:AQX) halts trade ahead of fresh capital

Mineral exploration company Alice Queen (ASX:AQX) has entered a trading halt ahead of a proposed capital…