Coppermoly (ASX: COY) has been granted a trading halt by the ASX pending an announcement on a material capital raising.
While the company did not reveal any further details of the capital raising, Coppermoly is currently in a very interesting position.
Just last week the company announced it has signed an agreement with ActivEX (ASX: AIV) to farm-in to the Esk Trough Project in South East Queensland, gaining the right to earn a 51% interest with the option to advance its interest to 70%.
The trading halt will be in effect until an announcement is made to the market or no later than the start of trading on Thursday, November 3.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/21435/coppermoly-in-trading-halt-pending-an-announcement-on-a-capital-raising-21435.html
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