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  • Tombola Gold (TBA) enters a trading halt, as the company prepares for a capital raise
  • Trading in TBA shares will be paused until Tuesday or once the company releases more details of the capital raise
  • The company last raised funds in February, which was directed towards further exploration of the Mt Freda complex
  • Yesterday, a wide zone of copper mineralisation was intersected in its first drill hole at the Little Duke project, located within the Golden Mile complex in northwest Queensland
  • Shares in TBA were last trading at 6.5 cents each

Tombola Gold (TBA) has ended the week in a trading halt, as the company prepares for a capital raise.

Trading in TBA shares will be paused until Tuesday or once the company releases more details of the capital raise.

So far, it is not known how much is being raised or where the funds will be directed.

The company last raised funds in February, which was directed towards further exploration of the Mt Freda complex.

Yesterday, a wide zone of copper mineralisation was intersected in its first drill hole at the Little Duke project, located within the Golden Mile complex in northwest Queensland.

However, the company said its main focus remains on initial gold production from its flagship Mt Freda gold mine.

Shares in TBA were last trading at 6.5 cents each.

TBA by the numbers
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