(MENAFN- ProactiveInvestors - Australia) Antipa Minerals (ASX: AZY) has been granted a trading halt and placed in pre-open today pending an announcement regarding a capital raising.
Antipa has not yet indicated where the potential new inflow of funds will be allocated, but the company has some interesting projects and is currently the largest tenement holder in the highly prospective and under-explored Paterson Province of Western Australia.
The Paterson Province hosts Newcrest Mining's (ASX: NCM) Telfer Mine, which is Australia's third largest gold producer.
The company had $2.5 million in cash at the end of the June quarter 2012.
The halt will last until the earlier of an announcement to the market, or the opening of trade on Friday 14th September.
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