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- Mineral explorers Tempus Resources (TMR) has entered into a trading halt ahead of an upcoming capital raise
- Currently, it is unknown how much the company is aiming to raise and where the funds will be spent
- Company shares will be paused until Friday, December 11, or when more information on the raise is released to the market
- In November, the company intersected high-grade gold and silver from the Blackdome zone at the Blackdome- Elizabeth gold project in Canada
- On the market, Tempus last traded for 24 cents on December 8
Tempus Resources (TMR) has entered into a trading halt ahead of an upcoming capital raise.
So far, there is no details about how much the company is aiming to raise and where the funds will be spent.
Under the halt, company shares will be paused until Friday, December 11, or when more details are released to the market.
Tempus is an Australian based exploration company and is focused on exploring and developing copper and other mineral opportunties.
In November, the company intersected high-grade gold and silver from the Blackdome zone at the Blackdome-Elizabeth gold project in Canada. 26 holes were drilled, with up to 28.3g/t of gold and 513g/t of silver intersected.
Earlier this month, Tempus begun trading on the Canadian TSX Venture Exchange under the ticket code TMRR.
“Listing on the TSX Venture Exchange is a key part of our strategy to further open up investment in the company and access to capital from North America, in
particular,” Managing Director Brendan Borg said last week.
“With Americas focussed gold projects, and a strong board and management presence in Canada, this new listing is a logical step, and we look forward to the commencement of trading tonight,” he added.
On the market, Tempus last traded for 24 cents on December 8.
