Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Pioneer Resources Prepares Response To Media Chatter 0 comments
    Sep 18, 2013 2:36 AM

    Pioneer Resources (ASX: PIO) is preparing an announcement in response to an article in the Australian newspaper today and has been granted an ASX trading halt.

    The halt will be in place until the open of trade on Friday 20th September 2013, unless announced earlier.

    The Australian had reported the company is raising $2 million for exploration through convertible notes secured against repayments due from its neighbour, KalNorth Gold Mines' (ASX: KGM), for the Western Mount Jewell asset.

    Pioneer is focused on its Acra Gold Project in the Eastern Goldfields, Western Australia , where the company had made a number of high grade intercepts earlier this year and has identified a number of drill ready targets.

    These include Kalpini South, Jubilee East, Camelia South and the first holes into the Camelia Gold Patch.

    It is also carrying out ground surveying at its Fairwater project in the Albany Fraser region with drilling planned.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.