Canyon Resources Ltd (ASX:CAY) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
Canyon has recently been working on the optimal logistical and commercial solution for exporting bauxite from Cameroon.
The halt will remain in place until the opening of trade on Friday 11th March 2016, or earlier if an announcement is made to the market.
Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.