Centaurus Metals (ASX:CTM) has been granted a trading halt by the ASX pending details of a capital raising.
During the September quarter, the company finalised terms to form a Strategic Alliance with Terrativa Minerais SA (TA) which will significantly advance its diversification and growth strategy in Brazil.
As part of the proposed alliance, Centaurus will secure the Aurora Copper Project, which has returned historical high-grade copper intersections including; 12.5 metres at 2.4% copper; and 9.5 metres at 1.6% copper.
The halt will remain in place until the opening of trade on Wednesday 4th November 2015, or earlier if an announcement is made to the market.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.