Caeneus Minerals Ltd in cash raiser for lithium
Date
6/30/2016 6:38:26 AM
(MENAFN- ProactiveInvestors - Australia)
Caeneus Minerals Ltd (ASX:CAD) has been granted a trading halt by the ASX, pending details in regards to a capital raising.
The halt will remain in place until the opening of trade on Monday 4th July 2016, or earlier if an announcement is made to the market.
The company recently completed a gravity survey at the Lida Valley Lithium Brine Project in Nevada, U.S.A., near Tesla’s (NASDAQ:TSLA) lithium gigafactory.
The gravity survey has confirmed the presence of a significant gravity low in the lease area.
On completion of the gravity interpretation, Caeneus is planning to commence a drill program in July. <
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