Havilah Resources Ltd (ASX:HAV) has been granted a trading halt by the ASX this morning, pending details regarding the underwriting agreement and the re-issue of the prospectus associated with the renounceable rights issue announced on the 5th October 2017.
The issue outlined earlier in the month was a 1 for 7 offer at $0.20. Havilah last traded at $0.19.
New funds are to be allocated to advancing the company's copper-gold assets towards production.
The halt will remain in place until the opening of trade on Tuesday 17th October 2017, or earlier if an announcement is made to the market.