Sign up Australia
Proactive Investors - Run By Investors For Investors

PolarX enters trading halt ahead of capital raising

The company recently completed an investor roadshows in London, New York and Toronto.
paperwork reading 'raising capital'
Shares in the company last traded at 12 cents

PolarX Ltd (ASX:PXX) has been granted a trading halt by the ASX pending the release of details regarding a capital raising.

The halt will remain the place until the earlier of the release of information regarding the capital raising or the commencement of trading on Wednesday 2 May 2018.

READ: PolarX advancing copper-gold assets in Alaska, maiden JORC resource at Zackly pending

PolarX is focused on the exploration of 35 kilometres of strike prospective for copper and gold within its Alaska Range Project in Alaska.

The project contains the Caribou Dome JORC resource measuring 2.8 million tonnes grading 3.1% copper.

Most recently, the company released a maiden JORC inferred resource for the Zackly copper-gold deposit within the project.

Zackly’s maiden resource comprises 3.4 million tonnes grading 1.2% copper plus 2.0 g/t gold and 14.0 g/t silver from the surface.

READ: PolarX Ltd releases maiden JORC inferred resource at Zackly, validating historical data

Both deposits are open in all directions and present significant additional upside potential for larger porphyry copper‐gold discoveries.

View full PXX profile View Profile

PolarX Ltd Timeline

Related Articles

1520437311_Kwale-workers.jpg
March 08 2018
The Kwale mine in Kenya is now a major player in the ilmenite, rutile and zircon markets
mine workers
March 31 2018
Kazera Global is now mining more tantalum more efficiently, and the buyers are beginning to come in
drill rig at site
April 10 2018
The company's shares are trading about 8% higher intra-day, at 1.4 cents.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use