Rox Resources (ASX:RXL) is preparing to head to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
The explorer has been busy during the September 2015 quarter, and carried out aircore drilling and prefeasibility studies on the Fisher East nickel sulphide project in Western Australia.
It also received assays from drilling at the Teena prospect (Reward zinc project) in the Northern Territory.
The halt will remain in place until the opening of trade on Monday 2nd November 2015, or earlier if an announcement is made to the market.
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