Rex Minerals (ASX:RXM) gears up for capital raise

The Market Herald Deal Room

ASX:RXM MCAP $65.03M

Managing Director, Richard LaufmannSource: Rex Minerals

• Rex Minerals (RXM) has requested back-to-back trading halts be implemented by the ASX as it gears up to announce a capital raise
• The company's shares will remain locked up until Friday, September 4, as Rex irons out the details of this latest capital raise
• It's not known how much the company plans to raise, or what form the equity raise will take, with full details to be announced later this week
• Rex recently announced it had extended its drill program for Hog Ranch in Nevada, U.S.
• Stage one of the exploration program at the site recently wrapped up, with stage two now underway
• Shares in RXM last traded for 21 cents per share on August 28

Read the full article on The Market Herald here: https://themarketherald.com.au/rex-minerals-asxrxm-gears-up-for-capital-raise-2020-08-31/