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- White Rock Minerals (WRM) has placed its securities in a trading halt as it gets ready to raise extra funds via a capital raise
- The gold exploration business and near-term producer will remain halted from trading on the ASX until December 6
- WRM has been focused on completing a review of its Victorian tenements following its merger with Austar Gold in August
- The company identified the Wallaby-Eldorado-Shakespeare trend within the area as being a high priority target in need of drill testing
- Shares in WRM last traded at 31 cents each on December 1
White Rock Minerals (WRM) has placed its securities in a trading halt as it gets ready to raise extra funds through a capital raise.
The gold exploration business and near-term producer will remain halted from trading on the ASX until Monday, December 6.
Full details of the upcoming capital raise should be released on or before that date.
Recently, WRM has been focused on completing a review of its Victorian tenements following its August merger with Austar Gold.
The merged business owns a 660 square kilometre Victorian tenement package in the Walhalla Synclinorium, encompassing the Woods Point goldfield.
White Rock Minerals believes the Wallaby-Eldorado-Shakespeare trends is the most high priority target within the wider area.
It’s planning to carry out drill testing on the trend, which has never been tested before, subject to an approved Work Plan.
Before today’s trading halt came into effect, shares in White Rock Minerals had been trading at 31 cents each on December 1.
