Brief: Traka Resources Updates On Share Issue And Trading Halt

El Dorado Goldfields

06/07/2021 02:20

July 6 (Reuters) - Traka Resources Ltd  TKL.AX :
    * ISSUE OF SHARES AND LIFTING OF TRADING HALT
    * ANNOUNCES CAPITAL RAISING
    * ANNOUNCES COMPLETION OF FIRST PART OF TARGETED $1.78
MILLION
CAPITAL RAISING
    * PROCEEDS TO BE USED TO FUND NEW PHASE OF EXPLORATION AT MT
CATTLIN GOLD-COPPER.
    * RECEIVED COMMITMENTS FROM 180 MARKETS AND OTHER
SOPHISTICATED
INVESTORS FOR 71.4 MILLION SHARES AT 1.4 CENTSPER SHARE, RAISING
$1 MILLION
    * BALANCE OF FUNDING EXPECTED TO BE RAISED UNDER SHARE
PURCHASE
PLAN

Source text for Eikon:  ID:nASX49hmwQ 
Further company coverage:  TKL.AX 

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