Total
0
Shares
Peak Minerals (ASX:PUA) - Managing Director, David Leavy - The Market Herald
Managing Director, David Leavy
Source: The Market Herald
  • Peak Minerals (PUA), formerly Pure Alumina, has entered a trading halt pending an upcoming capital raising
  • The company will remain in the halt until September 21 or when an announcement is made, whichever occurs first
  • Peak's name changed on July 31, reflecting its focus on developing its existing gold tenements and seeking acquisition opportunities in other minerals such as gold, copper and nickel
  • The company last entered a trading halt in May of this year under its previous name Pure Alumina to undertake a $2 million placement and entitlement issue
  • Once completed, the money was used for exploration, undertaking due diligence, and general working capital purposes
  • Shares in Peak last traded for 2.7 cents on September 16

Peak Minerals (PUA), formerly Pure Alumina, has entered a trading halt pending an upcoming capital raising.

The company will remain in the trading halt until September 21, or when an announcement is made, whichever occurs first.

Peak's name changed on July 31, reflecting its focus on developing its existing gold tenements and seeking acquisition opportunities in other minerals such as gold, copper and nickel.

On September 14, Peak announced it had completed a full geological review of its Hill End gold project in the Lachlan Fold Belt of New South Wales.

The company undertook a comprehensive review of the drilling results generated over the years from both Hill End and the Hargraves deposit.

Peak will use the results to formulate an updated geological model which, in turn, is expected to support a new exploration campaign.

The company last entered a trading halt in May 2020 under its previous name Pure Alumina to undertake a $2 million placement and entitlement issue.

Once completed, the money was used for exploration, undertaking due diligence, and general working capital purposes.

Shares in Peak last traded for 2.7 cents on September 16.


Find out more about this capital raise


PUA by the numbers
More From The Market Herald
Australian Vanadium (ASX:AVL) - Managing Director, Vincent Algar - The Market Herald

" Australian Vanadium (ASX:AVL) locks up shares following EL applications

Australian Vanadium (AVL) has locked up its shares after announcing the potential expansion of its Coates Project in Western Australia.
Yojee (ASX:YOJ) - Managing Director, Ed Clarke - The Market Herald

" Yojee (ASX:YOJ) plans to raise capital, enters trading halt

Cloud-based software-as-a-service logistics platform Yojee (YOJ) has entered a trading halt ahead of an upcoming capital raise.
Australian Silica Quartz (ASX:ASQ) to raise fresh capital, gears up to explore more of WA

" Australian Silica Quartz (ASX:ASQ) to raise fresh capital, gears up to explore more of WA

Junior miner Australian Silica Quartz (ASQ) has entered a trading halt until the end of the week as it raises some fresh funds.
Carawine Resources (ASX:CWX) - Managing Director, David Boyd - The Market Herald

" Carawine Resources (ASX:CWX) to raise capital following new discoveries and acquisition

Carawine Resources (CWX) has entered a trading halt while it considers, plans and executes a capital raise.