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4DS Memory Ltd

Fitzroy Resources to reveal acquisition and capital raising

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Fitzroy Resources (ASX:FRY) is preparing to divulge detail of an acquisition, along with a capital raising.

No more details have yet been outlined for the acquisition, but Fitzroy did hold a cash balance of over $1.1 million in cash at the end of June 2015.

The ASX has granted the company a trading halt to prepare, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Friday 14th August 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: 4DS Memory Ltd

Price: $0.05

Market: ASX
Market Cap: $59.02 m
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