GreenX Metals Ltd - developing Arctic Rift copper project in Greenland - Requests immediate voluntary trading halt in its shares on the Australian Securities Exchange, pending an announcement regarding a capital raise. Requests that the trading halt remain under the earlier of the planned announcement or the opening of trade in Sydney on Friday. Notes trading of its shares in London and Warsaw will continue as normal during this period.
On Monday, GreenX Metals said entered into an option agreement to buy up to 100% of a potentially large-scale gold project in eastern Greenland. GreenX took out the option over the Eleonore North gold project from Greenfields Exploration Ltd. The option vests once GreenX has spent A$600,000, about £311,476, on exploration at the project within 12 months. It can be exercised for A$250,000 in cash, A$250,000 in cash or GreenX shares, and a 1.5% net smelter royalty.
Current stock price: 47.15 pence, down 9.3% on Wednesday at midday
12-month change: multiplied
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