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Impact Minerals raising funds for nickel-copper search in Western Australia

Published: 14:50 17 Sep 2013 AEST

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Impact Minerals (ASX: IPT) is heading to market with a capital raising, with the ASX granting the company a trading halt - with its shares placed in pre-open.

Impact is currently merging with Invictus Gold (ASX: IVG), with the market cap. of the combined entity to be around $12 million.

Post merger, Impact to have three key projects with drill ready targets at the:
– Mulga Tank Ni-Cu-PGE JV Project;
– Broken Hill Ni-Cu-PGE JV Project; and
– Commonwealth Au-Ag-Base Metals Project.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 19th September 2013.

 

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