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Eastern Iron to lift funds for project search

The halt will remain in place until Tuesday 13th June 2017.
Eastern Iron to lift funds for project search
The company is considering near-development projects

Eastern Iron (ASX:EFE) has been granted a trading halt by the ASX, pending details of a capital raising.

The company is lifting its cash balance to be applied to the continued search for a resource project and/or to develop its existing project.

The halt will remain in place until the opening of trade on Tuesday 13th June 2017, or earlier if an announcement is made to the market.

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