Wild Acre Metals (ASX:WAC) is heading to market with a capital raising. The ASX has granted the company a trading halt, with its shares placed in pre-open.
The company has interests in Peru, including the Sambalay-Salvador Project in the south of the country, and the Colpayoc Gold Project in the north.
During the June quarter the company signed a formal agreement with a subsidiary of Teck Resources (NYSE:TCK), allowing Wild Acre to farm in to Teck’s adjoining Salvador project.
In the Salvador Project area, Wild Acre discovered mineralisation of 457 ounces per tonne silver and 23.6 g/t gold (combined +8 ounces per tonne gold equivalent).
The halt will remain in place until the opening of trade on Tuesday 9th September 2014, or earlier if an announcement is made to the market.
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