Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Tiger Resources Heads To Market

Tiger Resources (ASX:TGS) has been granted an ASX trading halt pending the release of an announcement regarding a material capital raising.

The halt will last until the earlier of the announcement being made or the commencement of trade on Monday, 16 June 2014.

Tiger had reached a major milestone last month with the start of copper cathode production at the 60%-owned Kipoi Copper Project in the Democratic Republic of Congo.

The company is the lowest-cost copper producer on the ASX, and is now transitioning to produce 50,000 tonnes per annum of copper cathode.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.