AusNiCo (ASX: ANW) has been granted a trading halt by the ASX pending the release of details regarding a capital raising, with the company's shares placed in pre-open.
The halt will last until the earlier of the announcement, or the commencement of trade on Wednesday 14 September.
AusNiCo has not yet indicated where the potential capital injection will be allocated.
The company though has recently been active at the Pembroke project, where broad previously reported intersections include 116 metres at 0.29% nickel.
Pembroke has already established the potential for a large open cut minable region of mineralisation.
AusNiCo said that the recent reverse circulation drilling has further delineated potentially open pittable nickel, copper and gold mineralisation in the highly anomalous area.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/19499/ausnico-in-pre-open-pending-capital-raising-announcement-19499.html
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