1. Most Discussed
  2. Gainers & Losers
PXG 15.0¢

News: Phoenix Gold granted additional time to finalise capital raising

  1. Phoenix Gold (ASX:PXG) is currently raising capital with overseas investors and the Australian Stock Exchange has granted it additional time to finalise in the form of a voluntary suspension.

    The suspension is expected to end at the earlier of the commencement of trading on Monday, 9 February 2015 or when the announcement about the capital raising is made.

    In the December Quarter 2014, the company poured its first gold from its Kintore project.

    This included 5,591 ounces through mining of 113,000 tonnes of highly oxidised ore grading 1.5 grams per tonne gold from the upper levels of the Kintore pit.

    The company has an extensive land holding on the Zuleika and Kunanalling shear zones northwest of Kalgoorlie in Western Australia, home to some of Australia’s richest gold deposits.

    The wholly-owned Castle Hill gold project is emerging as a flagship asset with the potential to become a multi-million ounce gold mine.

    The halt will remain in place until the opening of trade on Friday 6th February 2015, or earlier if an announcement is made to the market.

     

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.