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The Tempus Resources (ASX:TMR) share price is soaring 24% today
Brooke Cooper | April 26, 2021 2:43pm |
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Tempus Resources Ltd(ASX: TMR) share price is soaring today, leaving many investors wondering what’s provided the micro-cap with such a dramatic boost.
Tempus Resources shares boomed in early trade, at one point rocketing by 38% to trade at 24 cents.
At the time of writing, the mineral explorer’s shares are trading at 20.5 cents, still 24.24% higher than Friday’s closing price.
While there hasn’t been any news out of the company today to prompt these share price moves, Tempus has provided the market with several updates lately. Let’s take a look.
Tempus Raises A$1 9M to Extend Drilling tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
Tempus Resources Ltd: Tempus Raises A$1.9M to Extend Drilling
Company ) (
ASX:TMR)(TSXV:TMRR) is pleased to announce that it has received firm commitments to complete a non-brokered private placement raising gross proceeds of approximately A$1.9 million through the issue of 12,465,425 ordinary shares in the Company at an average price equivalent to A$0.153 per share (the
Placement ). The Placement was strongly supported by North American and Australian institutional and sophisticated investors.
Commenting on the Placement, President and Chief Executive Officer, Jason Bahnsen, said:
We plan to resume drilling at our high-grade Canadian Elizabeth Gold Project within the coming 6-8 weeks and the Placement will enable us to extend works there. Given the great results from last year, it s very exciting to be getting back on the ground at Elizabeth with an enlarged drilling program.
Trading halts for Tempus Resources, TNT Mines and Titanium Sands
Each of the trading halts will be in place until Friday, April 23, or until an announcement is released to the market. The ASX has granted each company a trading halt with announcements upcoming.
Tempus Resources is in trading halt regarding a proposed capital raising.
The halt will remain in place until the beginning of regular trade on Friday, April 23, or when an announcement is released to the market, whichever occurs earliest.
TNT Mines has been granted a halt in relation to drilling results.
This halt will remain in place until the beginning of regular trade on Friday, April 23.