(MENAFN- ProactiveInvestors - Australia) Tiaro Coal (ASX: TCM) is in pre-open this morning after the ASX granted the company a trading halt pending a capital raising announcement.
Tiaro is focused on the Maryborough Coal Basin in Queensland targeting metallurgical and thermal coal.
The company has a large footprint in the state with an exploration area including seven granted tenements for over 1600 square kilometres, and three tenements under application covering close to 2100 square kilometres.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 26th November 2012.
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