Predictive Discovery (ASX:PDI) is heading to market with a capital raising.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
Last week the company outlined that following the release of a Resource Estimate for the Bongou Gold Deposit in Burkina Faso, it has undertaken a comprehensive review of its West African properties and exploration strategy.
This includes seeking joint venture partners.
Predictive Discovery has recently farmed out its remaining Australian exploration property and is in advanced discussions regarding its Cote D’Ivoire properties.
The halt will remain in place until the opening of trade on Wednesday 1st October 2014, or earlier if an announcement is made to the market.
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