Ventnor Resources (ASX: VRX) has been granted a trading halt by the ASX pending the release of details on a proposed capital raising, with the company's shares in pre-open.
Ventnor has not yet indicated where the potential inflow of funds will be allocated.
The company has recently made some spectacular copper intersections from the flagship Thaduna and Green Dragon Prospects, which are strategically located 40 kilometres east of Sandfire Resources' (ASX:SFR) DeGrussa Project which hosts 14.6 million tonnes at 4.6% copper and 1.6 grams per tonne gold.
Recent high grade intersections by Ventnor at Thaduna include 5 metres at 4.2% copper from 30 metres, and 3 metres at 4.5% copper from 121.
At Green Dragon significant hits include 2 metres at 9% copper from 85 metres, and 12 metres at 5.1% copper from 80 metres.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/19886/ventnor-resources-in-pre-open-pending-capital-raising-announcement-19886.html
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