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Stratum Metals To Raise Capital

Stratum Metals (ASX: SXT) is preparing to announce to the market capital raising details, with the ASX this morning granting the company a trading halt, and placing its shares in pre-open.

Stratum recently pinpointed three separate large electromagnetic anomalies that show potential for nickel sulphide mineralisation at its Menzies Goldfields project.

The company is consolidating leases held by 11 different entities across 86 square kilometres in the goldfields.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 31st January 2013.

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