Liontown Resources Ltd (ASX:LTR) has been granted a trading halt by the ASX, pending details of a capital raising.
Earlier in the week the company satisfied due diligence for the acquisition of a 100% interest in the Hang Gong property.
The property comprises two tenements, MLN16 and EMP28651, which will form part of Liontown’s larger Bynoe lithium-tantalum project in the Northern Territory.
The halt will remain in place until the opening of trade on Tuesday 29th March 2016, or earlier if an announcement is made to the market.
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