News: Southern Crown Resources enters trading halt for upcoming capital raising

Southern Crown Resources (ASX:SWR) has been granted an ASX trading halt in relation to a proposed transaction and equity capital raising.

The halt will last until the earlier of the announcement being made or the start of trade on Wednesday, 29th April 2015.

In August 2014, the company signed an exclusive option agreement to acquire explore and acquire a package of projects in southwest Alaska with highly prospective multi metallic targets from Afranex Gold.

The Luna-Quicksilver, Kisa and Chilly projects cover a total of 138 square kilometres and are located within the South West Tintina gold belt, which hosts a number of world class intrusion related gold systems.

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