(MENAFN- ProactiveInvestors - Australia) Excelsior Gold (ASX: EXG) is preparing a capital raising announcement, with the ASX granting the company a trading halt and placing its shares in pre-open.
The company is focused on the Kalgoorlie North gold project in Western Australia, which is strategically located and surrounded by multi-million ounce fields.
Kalgoorlie North is close to existing infrastructure including milling facilities, power, water, communications, accommodation, transport and a workforce.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 22nd February 2013.
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