Source: PROACTIVE INVESTORS

Aus American Mining: Australian-American Mining Corporation to increase cash position

Australian-American Mining Corporation (ASX: AIW) is heading to market with a capital raising, with the Australian Stock Exchange granting the company a trading halt today.AIW's shares are now in pre-open.The company's most recent exploration focus has been on a reverse circulation drilling program and VTEM survey over the Blue Bell and De Soto copper/gold/silver projects located in Arizona, U.S.The halt will remain in place until the opening of trade on Wednesday 5th February 2014, or earlier if an announcement is released to the market. 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.

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Annual Revenue
$5.0-25M
Employees
25-100