St George Mining (ASX:SGQ) has been granted a trading halt this morning, with its shares placed in pre-open.
St George requested the halt pending details of a capital raising to allow an escalation of drilling at the East Laverton Project following recent positive results.
The company said funds would also be used to fast-track exploration at the newly acquired Hawaii and Mt Alexander North projects, and to provide working capital.
The halt will remain in place until the opening of trade on Monday 9th November 2015, or earlier if an announcement is made to the market.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.