RNI Limited (ASX:RNI) is preparing to reveal details of a capital raising, with the ASX granted the company a trading halt or organise.
Last week the company reached agreement to extend the repayment date of the Company’s bridging debt facility with Taurus Resources No 2 Fund (Taurus) by two months to 7 April 2015.
The purpose of the extension is to enable RNI to conclude project financing and potential joint venture discussions for the company’s wholly-owned Grosvenor Gold Project in Western Australia’s Bryah Basin.
The halt will remain in place until the opening of trade on Monday 16th February 2015, or earlier if an announcement is made to the market.
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