Kairos Minerals Ltd (ASX:KAI) is raising funds to advance exploration at its Mt York Lithium-Gold Project in the Pilgangoora region of Western Australia.
Initial exploration results returned 2.22% lithium and 0.44% tantalum.
The ASX has granted Kairos a trading halt to finalise the capital raising.
The halt will remain in place until the opening of trade on Tuesday 14th June 2016, or earlier if an announcement is made to the market.
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