viewArrow Minerals Ltd

Arrow Minerals in trading halt ahead of a potential acquisition and capital raising

The company’s securities will remain in a trading halt until Wednesday, June 26, or until an announcement is made.

The company is exploring for gold, lithium and nickel in Western Australia

Arrow Minerals Ltd (ASX:AMD) is in a trading halt pending an announcement regarding a potential acquisition and material capital raising.

The trading halt will be in place until the beginning of trade on Wednesday, June 26, or when an announcement is made to market, whichever occurs earliest.

READ: Arrow Minerals partner Independence Group earns 90% of Fraser Range Nickel Project

Earlier this month the company obtained results from the first pass aircore drilling program within the Strickland Gold Project in Western Australia.

A total of 55 holes were drilled to an average depth of 32 metres and intersected anomalous gold including 6 metres at 1.1 g/t gold from 11 metres.

The company’s partner in the Plumridge Nickel Project, Independence Group NL (ASX:IGO), has also completed the expenditure requirement to increase its interest in the project to 90%.

READ: Arrow Minerals drill results confirm gold potential at Helsinki prospect

Under a farm-in agreement Independence has the right to increase its interest in Plumridge from 51% to 90% through the expenditure of $5 million within four years from January 31, 2018.

This requirement has been met in just 17 months.

Quick facts: Arrow Minerals Ltd

Price: 0.008 AUD

Market: ASX
Market Cap: $7.26 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...

In exchange for publishing services rendered by the Company on behalf of Arrow Minerals Ltd named herein, including the promotion by the Company of Arrow Minerals Ltd in any Content on the Site, the Company receives...



Arrow Minerals tracking well with RC drilling program at Divole West Gold...

Arrow Minerals Limited (ASX:AMD) chief executive officer Howard Golden updates Proactive on progress underway at the Divole West Gold Project in Burkina Faso, West Africa. 3,000 m (up to 33 RC holes) of drilling will test beneath auger geochemical anomalies. The CEO also updated the market...

on 14/11/19

2 min read