Pilbara Minerals (ASX:PLS) is preparing to outline details of a capital raising in the form of a placement.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
Earlier in the week the company revealed results from the next 21 reverse circulation drill-holes completed during May-June at its wholly-owned Pilgangoora Lithium-Tantalum Project.
Highlights included:
- 9 metres at 1.34% Li2O from 112 metres; and
- 12 metres at 1.94% Li2O from 74 metres.
The halt will remain in place until the opening of trade on Monday 27th July 2015, or earlier if an announcement is made to the market.
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