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- Marvel Gold (MVL) has entered a trading halt ahead of an upcoming capital raise
- At this stage, it is not known how much the company is aiming to raise and what the money will be used for
- Company shares will be paused until Monday, November 2, or when more information is released to the market
- Marvel is currently undertaking a drilling program at its Lakanfla Gold Project, which is expected to be finished next month
- On the market, Marvel last traded for 6.4 cents per share on October 28
Marvel Gold (MVL) has entered a trading halt ahead of an upcoming capital raise.
At this stage, it is not known how much the company is aiming to raise and what the money will be used for.
Company shares will be paused until Monday, November 2, or when more information is released to the market.
Earlier this week, Marvel updated the market on its current drilling program at the Lakanfla Gold Project in western Mali, Africa.
Drilling at the project began earlier this month and aims to identify potential mineralised areas.
Currently, eight holes have been completed, with most of them intersecting karst horizons. Karst is an area formed by dissolution of rocks, which includes limestone, gypsum and dolomite.
Samples are expected to be sent to be tested in November, with results expected before Christmas.
On the market, Marvel last traded for 6.4 cents per share on October 28.
