Comet Resources granted trading halt for proposed capital raising

The company recently appointed experienced executive Matthew O’Kane as its managing director.

Shares in the company last traded at 2.5 cents before being halted

Comet Resources Ltd (ASX:CRL) has been granted a trading halt by the ASX pending the release of information regarding a proposed capital raising.

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Wednesday 20 November, 2019.

New MD to drive Springdale forward

Last week Matthew O’Kane was appointed Comet's managing director.

O’Kane has a career spanning 25 years which has been strongly focused on the mining and commodities sector.

Comet is focused on advancing its high-grade Springdale Graphite Project, in south Western Australia, towards the next stage of development.

Assay results remain pending from completed diamond drilling at Springdale.

Quick facts: Comet Resources Ltd

Price: 0.018 AUD

ASX:CRL

Market: ASX

Market Cap: $6.89 m

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Comet Resources acquiring "very attractive" Mexican gold project

Comet Resources Ltd (ASX:CRL) managing director Matthew O’Kane speaks to Proactive about its acquisition of the Santa Teresa Gold Project in Baja California, Mexico, which has an existing non-JORC resource. The company has also negotiated a non-binding term sheet with Raptor Capital...

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