viewBMG Resources Ltd

Brazilian Metals Group to increase cash reserves


Brazilian Metals Group (ASX: BMG) is preparing to release details of a capital raising program, with the ASX granting the company a trading halt this morning.

The company recently agreed to acquired 100% of Treasure Project, which is a portfolio of copper-gold assets in Cyprus.

Treasure has VHMS deposits with identified copper-gold mineralisation and a series of strong exploration targets.

There are also walk up drill target on Black Pine prospect with high grade copper and gold reported in drilling, adits and surface mapping/ sampling on a mineralised zone of around 1 kilometre long by 150 metres wide.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 13th February 2013.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: BMG Resources Ltd

Price: 0.007 AUD

Market: ASX
Market Cap: $4.7 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Cirralto raises $2.7 million to support transition to digital payments business

Cirralto Ltd (ASX:CRO) managing director Adrian Floate discusses a strongly oversubscribed placement raising that will support the company's ongoing transition to a digital payments company. He said: "We set out to raise $2 million and after receiving strong demand, decided to take...

5 hours, 26 minutes ago

2 min read