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Cullen Resources on a capital raising drive

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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: 0.014 AUD

ASX:CUL
Market: ASX
Market Cap: $2.65 m
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