Carnavale Resources (ASX:CAV) is preparing to release details regarding an option to acquire Gold-Silver Projects in U.S., and capital raising plans.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
Carnavale had over $1.6 million in cash at the end of March 2014.
The halt will remain in place until the opening of trade on Wednesday 30th July 2014, or earlier if an announcement is made to the market.
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