Blina Minerals (ASX: BDI) has been granted a trading halt by the ASX pending the release of details regarding a proposed capital raising, with the company's shares placed in pre-open.
Blina has not yet indicated where the potential capital injection will be allocated, but the company is currently in an interesting position after deciding not to pursue a Mongolian Copper Gold Project late last year following an independent expert’s review.
The company though did in 2011 highlight that opportunities in Mongolia and other regions will continue to be pursued.
The halt will last until the earlier of an announcement being made to the market, or the commencement of trade on Friday 20 January.