West African focussed Orbis Gold (ASX:OBS) is heading to market with a capital raising.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
The company has multiple high-grade gold projects, including the pre-development assets: Natougou and Nabanga.
Natougou is moving towards development phase, and has the potential to be a large-scale low cost gold mine.
Orbis also has the advanced exploration targets of Bantou, Tankoro & Safia, with its total Resources being 2.6 million ounces 4.1g/t gold.
The halt will remain in place until the opening of trade on Wednesday 24th September 2014, or earlier of an announcement is made to the market.
