(MENAFN- ProactiveInvestors)
Bauxite focussed (ASX:CAY) is preparing to outline details of a capital raising.
The ASX has granted the company a trading halt with its shares placed in pre-open.
The company's key project is the Birsok Bauxite Project in Cameroon with the inaugural drilling program returning high-grade low impurity bauxite mineralisation.
The halt will last until the earlier of an announcement being made to the market or the opening of trade on Friday 21st November.
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