YTC Resources (ASX: YTC) has been granted a request by the ASX to temporarily suspend the company's shares, pending an announcement of capital raising details.
The company has not yet indicated where the potential new inflow of funds will be allocated, but earlier in the week announced some very promising news by confirming the continuity of the "footwall" mineralisation at the Nymagee Copper Deposit.
Adding to the potential of Nymagee, the deposit has the potential to be mined and treated under an expanded development scenario in conjunction with the company's Hera Project.
The company expects to complete a Definitive Feasibility Study into an integrated development of Hera and Nymagee by mid-2011, which means the company's transformation to producer status is well under way.