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Resources & Energy Group Ltd

REZ and AVL granted trading halt ahead of capital raising

REZ entered a trading halt at 9.05am and AVL at 9.23am to prepare capital raisings.

Resources & Energy Group Ltd - REZ and AVL granted trading halt ahead of capital raising

Resources & Energy Group Ltd (ASX:REZ) and Australian Vanadium Ltd (ASX:AVL) have both been granted trading halts this morning pending the release of information regarding capital raisings.

Both company's shares will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Wednesday 21 August 2019.

Most recently, REZ entered a farm-in which aims to establish the Radio Gold Mine site as a hub for the regional growth of gold projects, including immediate development of the Radio mine.

As for AVL, it is advancing a definitive feasibility study (DFS) for its flagship Australian Vanadium Project in Western Australia.

Quick facts: Resources & Energy Group Ltd

Price: $0.05

Market: ASX
Market Cap: $15.01 m
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