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MENAFN - ProactiveInvestors - Australia - 17/11/2012

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Energy and Minerals Australia to raise capital
(MENAFN - ProactiveInvestors - Australia) Energy and Minerals Australia (ASX: EMA) has been granted a trading halt this morning by the ASX pending the release of capital raising details.

Energy and Minerals has been placed in pre-open.

The company's primary focus is the development of the Mulga Rock deposits, located about 240 kilometres northeast of the regional city of Kalgoorlie-Boulder.

The project shares access infrastructure with the large Tropicana Gold Project, owned by Anglogold Ashanti and the Independence Group, and which is presently in construction.

Mulga Rock, which consists of four separate uranium deposits named Ambassador, Emperor, Shogun and Princess, is one of Australia's largest undeveloped uranium resources.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 20th November 2012.

 






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