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Australian Mines calls for halt following overseas interest

Published: 10:07 02 Nov 2017 AEDT

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The company's shares are in pre-open

Australian Mines Ltd (ASX:AUZ) has had a meteoric share rise over the past month, last trading at $0.097, or five times higher than just one month ago.

The valuation hit a high of $0.13.

The company has been granted a trading halt by the ASX this morning, pending details of a share placement to institutional investors in the United Kingdom, Hong Kong and Australia.

READ NOW: Australian Mines' first 15 minutes of trade must be seen to be believed

The halt will remain in place until the opening of trade on Monday 6th November 2017, or earlier if an announcement is made to the market.

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