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: 0.023 AUD

ASX:CRL

Market: ASX

Market Cap: $6.81 m

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Comet Resources Ltd - Comet Resources welcomes Matthew O’Kane as managing director

Full interview: Comet Resources welcomes Matthew O’Kane as managing director

Comet Resources Limited's (ASX:CRL) new managing director Matthew O’Kane updates Proactive on his recent appointment, speaking from Hong Kong before his scheduled move to Perth to fill the position. O’Kane is an experienced executive with 25 years of experience, mainly in the mining and...

1 week, 2 days ago