Canyon Resources in halt ahead of capital raising

Canyon Resources (ASX:CAY) has been granted an ASX trading halt in relation to a capital raising.

The halt will last until the earlier of the announcement being made or the start of trade on Friday, 8th May 2015.

Canyon is focused on advancing development of the Birsok Bauxite Project in Cameroon.

During the March 2015 Quarter, it completed geological mapping, drill target definition and access clearing of newly defined bauxite plateaux ahead of the upcoming drilling program.

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Quick facts: Canyon Resources Ltd

Price: 0.2 AUD

ASX:CAY

Market: ASX

Market Cap: $88.66 m

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