Tempus Resources (ASX:TMR) - Non Executive Chairman, Alexander Molyneux
Non Executive Chairman, Alexander Molyneux
Source: Tempus Resources
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  • Australian-based explorer Tempus Resources (TMR) has locked its shares up in a trading halt ahead of an upcoming capital raise
  • The trading halt is set to remain in place until Friday, April 23, when full details regarding Tempus’ planned raise are expected to be revealed
  • The explorer has recently laid plans for an upcoming field season at the Blackdome-Elizabeth Gold Project located in British Columbia, Canada, with a 7500-metre drill effort set to commence at the end of Q2 this year
  • Prior to today’s trading halt, Tempus Resources last changed hands at 16.5 cents per share

Australian-based explorer Tempus Resources (TMR) has locked its shares up in a trading halt ahead of an upcoming capital raise.

The company announced its shares would remain in a trading halt for up to two business days until a formal announcement is made regarding its planned activities.

Tempus expects to make said announcement on or before Friday, April 23, after which time company shares would resume trading.

At this stage, there’s been no explicit indication from the company regarding how much it is hoping to raise or what the proceeds might be used for.

Tempus is currently in the early stages of exploration at its Valle del Tigre Project in Ecuador, which is situated in the prospective Cordillera del Condor mineral belt, which plays host to a number of multi-million-ounce projects.

It has also laid exploration plans for an upcoming field season at the Blackdome-Elizabeth Gold Project located in British Columbia, Canada, with a 7500-metre drill effort set to commence at the end of Q2 this year.

Tempus began drilling at Elizabeth in November 2020 and completed 11 holes for 2006 metres before closing operations for the season in late December.

Prior to today’s trading halt, Tempus Resources last changed hands at 16.5 cents per share.

TMR by the numbers
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