Norseman Gold (ASX: NGX, LON: NGL) has requested a trading halt on the Australian Securities Exchange, pending the release of an announcement about a capital raising.
ASX trading is expected to resume once an announcement is made, or on Thursday 30th September 2010.
On September 20 Norseman announced that it is closer to adding a fourth mine to its Norseman gold project in Australia after making both operational and regulatory progress at the North Royal open pit.
The company said that pit optimisation at North Royal has identified 85,000 ounces of resource capable of being mined in the initial Main Pit area, while reporting progress with the dewatering as well as obtaining regulatory approvals for the commencement of mining.
So far, Norseman has secured approval from the Department of Mines & Petroleum (DMP) to commence surface infrastructure works and has received a bond request from the DMP relating to the proposed mining activities.