Latin Resources (ASX:LRS) enters trading halt, eyes Burdett Gold Project buy

  • Latin Resources (LRS) has entered a trading halt to prepare for an upcoming capital raise

  • The company will remain in the halt until December 7 or when an announcement is made

  • Latin Resources also announced it's planning to buy the Burdett Gold Project in NSW from Syndicate Minerals (SYN)

  • The company will acquire 100 per cent of the project subject to the completion of due diligence and the meeting of certain obligations

  • Burdett will be acquired via a $1000 deposit and the issue of 10 million shares

  • Shares in Latin Resources last traded at 3.4 cents on December 2


Link to Market Herald https://themarketherald.com.au/latin-resources-asxlrs-enters-trading-halt-eyes-burdett-gold-project-buy-2020-12-03/

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