Blackham Resources Ltd’s (ASX:BLK) shares have been granted a trading halt by the ASX, pending details regarding an update on its funding arrangements.
The halt will remain in place until the opening of trade on Monday 18 December 2017, or earlier if an announcement is made to the market.
Blackham is working with Pacific Road Capital to finalise the formal legal documentation surrounding the recently outlined $60 million funding package.
Earlier this week, the Western Australian gold producer extended the closing date of its renounceable pro-rata entitlement offer to shareholders to Friday, 22 December 2017.
READ: Blackham Resources extends closing date of rights issue
This is in response to a number of shareholders advising that there had been a delay in them receiving their prospectus and entitlement and acceptance form.
Blackham started production from its Wiluna-Matilda Gold Operation in October 2016.
READ: Blackham Resources assays bode well for a gold resource upgrade
The Wiluna-Matilda Gold Operation includes a resource of 65 million tonnes at 3.1 g/t gold for 6.5 million gold ounces.