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Mining
Andromeda Metals Ltd

Adelaide Resources Ltd to boost cash for gold and lithium exploration

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Adelaide Resources Ltd (ASX:ADN) has a main focus on gold in Australia, and recently complimented this with some lithium activity.

Adelaide is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Tuesday 19th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Andromeda Metals Ltd

Price: $0.06

Market: ASX
Market Cap: $82.7 m
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