Peninsula Mines Ltd (ASX:PSM) has been granted an ASX trading halt, pending details of a capital raising.
Last week the company secured a large tenement position over an area prospective for lithium bearing pegmatites in South Korea.
Peninsula through a wholly-owned South Korean subsidiary has successfully filed 53 tenement applications.
The halt will remain in place until the opening of trade on Wednesday 9th March 2016, or earlier if an announcement is made to the market.
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