Imdex Limited (ASX:IMD) is preparing to reveal details of a capital raising, with the ASX granting the company a trading halt to prepare.
The company provides innovative drilling fluids and advanced downhole survey instrumentation to the mining, oil and gas, water well, HDD and civil engineering industries worldwide.
Last month Imdex appointed Ivan Gustavino as a non-executive director of the company.
Gustavino has principally advised companies with an interest in the resources sector including Woodside Petroleum (ASX:WPL) and Worley Parsons (ASX:WOR).
The halt will remain in place until the opening of trade on Thursday 20th August 2015, or earlier if an announcement is made to the market.
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