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1.4¢ pure minerals limited

Ann: Trading Halt, page-4

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Big Kahuna 101

3,656 Posts.

265

18/05/18

09:29

Post #: 33181822
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Originally posted by Milk21 ↑

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?

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My feel is it will be letting their mates get set a nice prices prior to an acquisition announcement.

PM1 Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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