Join our daily newsletter At The Bell to receive exclusive market insights
- Gold explorer Lefroy Exploration (LEX) enters the week in a trading halt as it plans an upcoming capital raise
- Currently, it is not known how much the company is planing to raise or where the funds will be spent
- Company shares will be paused until Wednesday, November 10, or when more details about the raise are released to the market
- Lefroy owns the Lefroy Gold Project located 60 kilometres south of Kalgoorlie
- On the market, Lefroy last traded at 41 cents per share
Lefroy Exploration (LEX) has entered the week in a trading halt as it plans an upcoming capital raise.
It is unknown how much the company is planing to raise or where the funds will be spent.
Under the halt, company shares will be paused until Wednesday, November 10, or when more details about the raise are released to the market.
Lefroy is a WA gold explorer focused on its flagship Lefroy Gold Project, located 60 kilometres south of Kalgoorlie.
Last month, the company’s joint venture partner Gold Fields announced it is preparing for an aircore drilling program at the Western Lefroy tenement package.
The program includes 46,000 metres of aircore drilling as part of the $25 million farm-in and joint venture agreement between Lefroy and Gold Fields.
Also in October, Lefroy commenced reverse circulation (RC) drilling at the Burns copper-gold prospect, located the Eastern Lefroy Project.
Results from this drilling are expected in December.
Lefroy Exploration last traded at $0.41 per share on Friday, November 5.
