leadf
logo-loader
viewCullen Resources Ltd

Cullen Resources on a capital raising drive

au_australian_dollar350_5553e5c12c919.jpg

Cullen Resources (ASX:CUL) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

Most recently the company completed a ground EM survey at its AK47 nickel sulphide prospect, with preliminary interpretation identifying two new bedrock conductors.

The company holds around 450 square kilometres of approved tenure in the Mt Eureka Greenstone Belt in the North Eastern Goldfields of Western Australia.

The halt will remain in place until the opening of trade on Monday 18th May 2015, or earlier if an announcement is made to the market.

 

Quick facts: Cullen Resources Ltd

Price: 0.029 AUD

ASX:CUL
Market: ASX
Market Cap: $8.7 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Nomad Royalty has ambitions of becoming next 'large tier mining royalty company'

Proactive Research analyst Ryan Long says Nomad Royalty Company Ltd (TSE:NSR) has a diversified portfolio of large cash flow and near-term cash flow generating mining assets. He says around 50% of its NAV currently comes from cash flow generating assets and that's expected to increase to 85% in...

2 hours, 15 minutes ago

2 min read