Rey Resources in trading halt to announce capital raising
Rey Resources (ASX: REY) has been granted a voluntary trading halt pending an announcement regarding a capital raising.
While Rey has given no clues as to the nature of the capital raising or what the funds will be used for, the company delivered a Definitive Feasibility Study for its Duchess Paradise thermal coal project earlier this year.
The company is targeting construction at Duchess Paradise in 2013.
The trading halt will be in effect until an announcement is made to the market or no later than the start of trading on Friday, December 9.
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