The trading halt will remain in place until the earlier of the commencement of trading on Monday, February 19, 2018 or upon the company releasing details of the capital raising.
Injection of capital comes as company progresses several projects
With Tyranna heavily involved in resource/reserve definition drilling, as well as exploration across a number of projects, a capital raising should come as no surprise.
The company has a diversified portfolio that includes its own projects and interests in other assets.
Tyranna’s key projects include the Jumbuck Gold Project joint-venture with WPG Resources (ASX:WPG) and the recently acquired producing Eureka Gold Project.
Tyranna strongly leveraged to healthy gold price
While Tyranna has a diversified range of assets, its commodity focus is very much on gold.