Join our daily newsletter At The Bell to receive exclusive market insights
- 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.
