ADV 0.00% 0.4¢ ardiden ltd

News: Ardiden Limited to raise capital following graphite acquisition

  1. Ardiden Limited (ASX:ADV) has been granted a trading halt by the Australian Stock Exchange, pending details surrounding a capital raising.

    Earlier in the week the company secured a significant new growth opportunity after completing the acquisition of the Manitouwadge graphite project in Ontario, Canada.

    Plans are well advanced for a near-term maiden drilling program to test high priority targets at depth.

    Beneficiation of samples from the Manitouwadge graphite project with simple, low cost flotation and gravity results in up to 94.8% purity for jumbo flake and 94.0% purity for large flake.

    The halt will remain in place until the opening of trade on Thursday 5th February 2015, or earlier if an announcement is made to the market.


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