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Anson Resources in trading halt ahead of capital raising

The company is focused on advancing its flagship Paradox Brine Project in the US state of Utah.

Anson Resources Ltd - Anson Resources in trading halt ahead of capital raising
Shares in the company last traded at 2.6 cents each

Anson Resources Ltd (ASX:ASN) has been granted a trading halt by the ASX pending the release of further information regarding a capital raising.

Shares in the company will remain halted until the earlier of either the release of the relevant information, or, the commencement of trading on Thursday 9 January 2020.

Advancing the Paradox Brine Project

Anson has been busy at its flagship Paradox Project completing a resource upgrade in November 2019 and producing a bulk sample of battery-grade lithium carbonate in December 2019.

The company also completed stage two bromine extraction test work from brine samples taken from Paradox in December 2019.

Anson plans to commence a preliminary economic assessment (PEA) during the current March quarter 2020.

Quick facts: Anson Resources Ltd

Price: 0.0195 AUD

ASX:ASN
Market: ASX
Market Cap: $15.28 m
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Anson Resources initiates $3 million fundraising to advance its Paradox...

Anson Resources Ltd (ASX:ASN) CEO Bruce Richardson tells Proactive the firm has launched a share purchase plan (SPP) offer to raise up to $2 million as part of a $3 million capital raising effort to advance its Paradox Brine Project in Utah. Richardson says the funds raised will be used to...

on 17/6/20

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