Rimfire Pacific Mining (ASX: RIM) has been granted a trading halt this afternoon pending the release of details on a placement, with the company's shares placed in pre-open.
Rimfire Pacific has not yet indicated where the potential new funds will be allocated, but the company has recently been active drilling at the Sorpresa Gold project which delivered an intersection of 14 metres at 21.9g/t gold, including 2 metres at 87.5g/t gold.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 31st August.
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