Latin Resources Ltd (ASX:LRS) has been granted a trading halt by the ASX pending an announcement regarding a capital raising.
Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the start of normal trading on Tuesday, September 8, 2020, or when the announcement is released to the market.
Advancing exploration
The company is focused on advancing exploration at its Yarara Gold Project in the New South Wales Lachlan Fold Belt and its Noombenberry Halloysite-Kaolin Project in WA.
These projects are now key priorities for the revitalised company which is monetising its projects in South America.
LRS has commenced work on land access at the Yarara project and drill permits have been lodged for the Noombenberry project.