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Ventnor Resources gears up for equity raise

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Ventnor Resources (ASX:VRX) is preparing to reveal details of an equity raising, with the ASX granting the company a trading halt to prepare.

Ventnor's current exploration projects include Black Dragon, which is adjacent to the jointly owned Anglo Gold Ashanti/Independence Group
Tropicana Gold mine.

Initial field work at Black Dragon included rock chips of 626g/t gold, 568g/t gold and 213 g/t gold.

The halt will last until the opening of trade on Monday 29th June 2015, or earlier if an announcement is made to the market.

Previouslt Ventnor entered into a joint-venture with Sandfire Resources (ASX:SFR) to fast-track development of the historic Thaduna/Green Dragon copper project in Western Australia.

 

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Quick facts: VRX Silica Ltd

Price: 0.105 AUD

ASX:VRX
Market: ASX
Market Cap: $46.74 m
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