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Radar Iron prepares to reveal capital raising

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Radar Iron (ASX:RAD) is heading to market with a capital raising, and the ASX has granted the company a trading halt to organise.

Earlier in the month the company announced that remodelling of the Yerecoin Main Resource has been completed, with around 25% of the resource now in the Indicated category.

During this re-estimation an additional 95 pre-existing reverse circulation drill holes were incorporated.

This resulted in greater data density and a greater confidence in the output.

The halt will remain in place until the opening of trade on Wednesday 17th September 2014, 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 “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Weebit Nano Ltd

Price: 0.375 AUD

ASX:WBT
Market: ASX
Market Cap: $26.98 m
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