Telecommunications business ZipTel Limited (ASX:ZIP) is heading to market with a capital raising.
The company is close to being a four-bagger in just the past three weeks.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
ZipTel has two ore product offerings. These include AussieSim, an international pre-paid travel sim card, and ZipT, a free to download mobile-based data application.
The halt will last until the earlier of the announcement being made or the commencement of trade on Monday, 10 November 2014.
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