Pure Minerals Limited (ASX: PM1) (“PM1” or “the Company”) requests that the securities of the Company be placed in a trading halt as follows:
• The trading halt has been requested pending the release of an announcement regarding a capital raising;
• The trading halt should be until the release of the announcement by the Company, expected to be no later than market pre-open Tuesday, 22 May 2018;
The last quarterly lists PM1 has $2.6m in cash with an estimated $350k outflow for current quarter. Will be interested to see what comes along with this raise - Are we looking at additional money for 5 fingers prospect or will this be for a new project?
PM1 Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
