Gujarat NRE Coking Coal (ASX:GNM) is preparing to update the market on its fund raising and refinancing activities and has placed its shares into an ASX trading halt.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 28th June 2013.
Gujarat NRE had in May launched a non-renounceable entitlement issue of one share for every four shares held to raise about $68.8 million to fund mine development as well as additional plant and equipment.
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