Perth-based Shaw River Resources (ASX:ERL) has requested a trading halt pending release of an announcement about a proposed capital raising to fund its ongoing Manganese exploration programme in the Pilbara and in Ghana.
The halt will last until an announcement is made or commencement of trading on Friday 29th October 2010.
Shaw River is taking significant strides toward its goal of establishing a manganese resource at its Baramine Project in the Pilbara region of Western Australia with 45.8% Manganese discovered at Baramine and Direct Shipping Ore (DSO) potential confirmed.