MinQuest Limited (ASX:MNQ) has been granted an ASX trading halt...

MinQuest Limited (ASX:MNQ) 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 Wednesday, 22nd April 2015.

Earlier this month, the company received a $100,000 grant from the South Australia State Government to partly fund drilling of the Cyclops IOCG Prospect, on the Coober Pedy Project, in central South Australia.

The target exhibits geophysical characteristics similar to the world-class Prominent Hill copper-gold mine.

Drilling is expected to start during the first week of May and should take about 4-6 weeks to complete.

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