Azure Minerals Ltd (ASX:AZS) holds an extensive silver and gold-silver footprint in Mexico.
Azure recently acquired the San Agustin Project, which is located in the country's premier silver producing region.
No known exploration has been undertaken on San Agustin and Azure will commence exploration later in 2016.
Azure is now heading to market with a capital raising, and the ASX has granted the company a trading halt.
The halt will remain in place until the opening of trade on Friday 20th May 2016, or earlier if an announcement is made to the market.
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