Xanadu shares are in pre-open pending details of the raising.
() recently made a porphyry discovery at its flagship Kharmagtai copper and gold project located in the South Gobi region of Mongolia.
To continue to advance the next steps, Xanadu is heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until Friday 15 June 2018, or earlier if an announcement is made to the market.
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