(MENAFN- ProactiveInvestors - Australia) Â Bulletin Resources (ASX: BNR) will soon launch a capital raising and has placed its shares into an ASX trading halt.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday, 20th May 2013.
Recent drilling at the at the Faugh-a-Ballagh deposit of its Golden Crown Project had included an intercept of 2 metres at 2.6 grams per tonne gold from 24 metres.
Golden Crown was acquired in early 2012 and hosts two deposits with a combined open pit Inferred Resource of 323,000 tonnes at 3.2g/t Au. It is located about 80 kilometres from Bulletin's Lamboo processing facility along established all-weather roads.
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