Chesser Resources Ltd (ASX:CHZ) is in trading halt ahead of a proposed capital raising.
The trading halt will remain in place until the beginning of trade on March 30 or when an announcement is made to market, whichever occurs earliest.
West Africa exploration
Chesser has had recent success in its exploration for gold elephants with high-grade gold found at its flagship Diamba Sud Project in Senegal, West Africa.
The project is around 2 kilometres west of the Senegal Mali Shear Zone (SMSZ), which hosts numerous multi-million-ounce gold deposits including B2Gold Corps (TSE:BTO)(NYSEAMERICAN:BTG) 7.6 million ounce Fekola Mine, Barrick Gold Corps (NYSE:GOLD) 18 million ounce Loulo-Gounkoto complex and AngloGold Ashanti Limited (Read More – Source