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Future Metals NL - Perth-based platinum exploration company - Says its shares have been placed in a trading halt on the Australian Securities Exchange pending the release of an announcement in relation to a potential capital raising. Adds that the trading halt will remain in place until the earlier of the announcement or August 17. Reassures that its shares will continue to trade as usual on London's AIM market.
‘It is currently intended that any such potential capital raising will utilise the company's existing share capital authorities and will not be subject to shareholder approval. The company confirms that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed,’ Future Metals adds.
Current stock price: 6.19 pence, down 20% in London on Monday
12-month change: down 49%
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