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Gunson Resources Finalising Capital Raising

Gunson Resources (ASX: GUN) is finalising a capital raising and has placed its shares into pre-open on the ASX pending its completion.

The halt will last for two days - Thursday, 31 January, and Friday, 1 February - during which time the company expects to complete the raising in time for announcing the completion to the market on Monday, 4 February.

The company said it expects to complete the raising by the end of this week.

Gunson has been making good progress on satisfying its share of financing for the Coburn Zircon Project in Western Australia.

Debt discussions, some of which are linked with final customer offtake arrangements, are continuing with some parties proceeding with due diligence.

Offtake arrangements and equity discussions are also well-advanced.

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