Dateline Resources (ASX:DTR) - Managing Director, Stephen Baghdadi
Managing Director, Stephen Baghdadi
Source: The Market Herald
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  • Dateline Resources (DTR) enters a mid-week trading halt while it plans an upcoming capital raising
  • The company will remain in the halt until July 23 or when more details regarding the raise are released, whichever occurs first
  • Just yesterday, Dateline announced drilling had begun at the Gold Links Gold Mine in Colorado
  • An underground drilling contractor has been appointed to complete 4000 metres of diamond core drilling to further assess the West and 2150 veins
  • Shares in Dateline last traded at 10.5 cents on July 19

Dateline Resources (DTR) has entered a mid-week trading halt while it plans an upcoming capital raising.

The company will remain in the halt until July 23 or when more details regarding the raise are released, whichever occurs first.

Dateline is yet to disclose how much it intends to raise or what it will use the money for once received.

Just yesterday, Dateline announced drilling had begun at the Gold Links Gold Mine in Colorado.

An underground drilling contractor has been appointed to complete 4000 metres of diamond core drilling to further assess the West and 2150 veins.

Drilling is expected to take between five to six months to complete with a decision to mine to be made in H2 2021.

Dateline last tapped investors for cash in April 2019, completing a $14.5 million rights issue.

Shareholders subscribed to rights worth $7.3 million and a further $7.18 million was raised through shortfall.

Once received, the company used the money to pursue exploration at Gold Links.

Shares in Dateline last traded at 10.5 cents on July 19. The company has a $39.72 million market cap.

DTR by the numbers
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