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Latin Resources (ASX:LRS) - Managing Director, Chris Gale - The Market Herald
Managing Director, Chris Gale
Source: Finance News Network
  • Latin Resources (LRS) has entered back-to-back trading halts ahead of a capital raise
  • At this stage, it's unclear just how much the company wants investors to chip in or what it'll use the funding for
  • As a result, company shares will stay locked up until Tuesday, September 8, or when it releases more information about the raise
  • Last month, the company announced it had begun exploration discussions with the landowners at Yarara Gold Project in NSW
  • It has also lodged drill permits for the Noombenberry Halloysite Kaoline project in WA
  • Company shares last traded for 1.1 cents on September 2

Latin Resources (LRS) has entered back-to-back trading halts ahead of a capital raise

At this stage, it's unclear just how much the company wants investors to chip in or what it'll use the funding for. As a result, company shares will stay locked up until Tuesday, September 8, or when it releases more information about the raise.

Last month, Latin delivered exploration updates for four of its South American and Australian projects.

In addition, the company has begun talks with landowners at its Yarara Gold Project in NSW. Latin is looking for permission to undertake exploration work at the project.

It has also lodged drill permits for the Noombenberry Halloysite Kaoline project in WA.

Meanwhile, over in Argentina, the company's lithium pegmatite project's due diligence work had been delayed due to COVID-19.

Company shares last traded for 1.1 cents on September 2.


Find out more about this capital raise


LRS by the numbers
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