Tietto Minerals halted ahead of news on material fundraising finalisation

Tietto Minerals Ltd (ASX:TIE) has an announcement pending in relation to the finalisation of a material fundraising and has been granted a trading halt.

The trading halt will remain in place until the beginning of regular ASX trading on Monday, August 3, or when an announcement is released to the market.

Tietto has a market cap of approximately $228.3 million and shares last traded at 64 cents, having risen from 12.5 cents at the close on March 23.

High-grade results

The company recently received further high-grade gold results which have extended the Abujar-Gludehi (AG) deposit at depth and are expected to expand the existing 2.2 million-ounce resource at Abujar Gold Project in Côte dIvoire.

Results have been received from the first of five deep diamond holes at AG which have extended the deposit below 500 metres vertical depth.

The best results are 3 metres at 10.78 g/t from 537 metres, including 1-metre at 25.94 g/t, and 6 metres at 4.47 g/Read More – Source