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Greenland Minerals And Energy To Update On Capital Raising

Greenland Minerals and Energy (ASX:GGG) has been granted a voluntary suspension pending details of a capital raising.

The company expects the voluntary suspension will end when it releases the announcement to the market prior to the start of trade on 10 June 2014.

Its Kvanefjeld Project in southern Greenland has large resources of 575 million pounds of U3O8, 10.33 million tonnes of total rare earth oxides and 2.25 million tonnes of zinc with direct shipping access to markets in North America and Europe.

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