Talga Gold (ASX: TLG) has been granted a trading halt by the ASX pending the release of capital raising details, with the company's shares placed in pre-open.
Talga has not yet indicated where the potential inflow of funds will be allocated, but the company has some interesting projects including the wholly owned Nunasvaara graphite project in northern Sweden.
Earlier in the month the company commenced a 5000 metre diamond drilling program aimed at increasing the confidence categories of the current JORC Resource which currently stands at 3.6 million tonnes at 23% Cgr. Importantly – the resource is open both at depth and along strike.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 19th July.
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