Highlights
- Mincor Resources is seeking AU$60 million in equity to fund growth and diamond drilling.
- Remaining funds will be used to strengthen the company’s balance sheet.
Mincor Resources NL (ASX:MCR), on 9 December 2022, announced a AU$60 million capital raising to advance underground development at the company’s Northern Operations and support underground exploration and resource definition diamond drilling at its new Cassini Operation.
The company shares were put on a trading halt today and as per the ASX release, the company will commence normal trading on Tuesday, 13 December 2022. The shares traded last at AU$1.585 apiece on the ASX.
Recent share price performance of Mincor Resources on the ASX:
Mincor shares have lost 4.23% in the last five trading days on the ASX. In the last one month, the shares have shed 2.16% on the ASX. In the past six months, Mincor shares have lost 28.60% on the ASX. Mincor has gained 34.32% in the last one year of trade on the ASX and has lost 10.96% on a year-to-date basis. In the past five years of trade on the ASX, Mincor Resources have gained 328.38% on the ASX (as of 4:10 PM AEDT, 8 December 2022).