Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Shree Minerals (SHH) has entered a trading halt ahead of an upcoming capital raise
  • So far, it is unknown how much the company is aiming to raise or where the funds will be spent
  • Under the halt, company shares will be paused until Thursday, March 25, or when more information about the raise is released to the market
  • On the market, Shree last traded for 1.4 cents per share on March 22

Shree Minerals (SHH) has entered a trading halt as it plans an upcoming capital raise.

Currently, there are no details on how much the company is aiming to raise or where the funds will be spent.

Under the halt, company shares will be paused until Thursday, March 25, or when more information about the raise is released to the market.

Shree is an Australian mineral exploration and development company with projects in WA, NSW and the Northern Territory.

In January, Shree began fieldwork at its Turondale Project in the East Lachlan Fold Belt in New South Wales.

The fieldwork follows previous exploration undertaken at the project, which identified two priority target areas.

Shree believes the first target area covers possible extensions of historical workings completed at Krakatoa Resources’ (KTA) Quartz Ridge and Box Ridge prospects.

On the market, Shree last traded for 1.4 cents per share on March 22.

SHH by the numbers
More From The Market Herald
Renegade Exploration (ASX:RNX) -Chairman, Robert Kirtlan

" Renegade Exploration (ASX:RNX) enters JV agreement with Burke Copper

Renegade Exploration (RNX) has entered a joint venture transaction with Burke Copper.
Biogene Technology (ASX:BGT) - CEO, Richard Jagger

" Bio-Gene Technology (ASX:BGT) signs research deal with University of Florida

Bio-Gene Technology (BGT) has signed a research agreement with the University of Florida, advancing its program to phase two.
Greenland Minerals (ASX:GGG) - Former Managing Director, John Mair

" Greenland Minerals (ASX:GGG) appoints new managing director following uranium ban

Greenland Minerals (GGG) has appointed a new managing director, Daniel Mamadou, following Greenland’s recent ban on uranium.

" Kuniko (ASX:KNI) identifies new drill targets following assays

Kuniko (KNI) has announced its first geochemical soil sample assays from the Skuterud cobalt project in Norway have provided encouraging results.