Black Dragon Gold Corp. (ASX:BDG) has announced a trading halt on its securities. This move precedes an upcoming announcement related to a capital raising initiative. The trading halt is to ensure orderly market conditions and will remain in place until the start of normal trading on 30 October 2024 or until the announcement is released.
Black Dragon Gold Corp. has initiated a trading halt as it prepares to announce a capital raising initiative. This strategic move is aligned with the company’s focus on developing its Salave Gold Project in Asturias, Spain, which is one of Europe's largest undeveloped gold resources. The project has substantial measured, indicated, and inferred mineral resources, with potential for further mineralization. Black Dragon Gold also holds interests in Australia through its acquisition of Marlee Gold Pty Ltd. The company aims to ensure a transparent and orderly market during this process and is committed to keeping its stakeholders informed.
The trading halt was requested by the company to manage its disclosure obligations and maintain market order concerning this strategic investment.