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Pacific Niugini In Halt Relating To Nicholsons, Capital Raising

Pacific Niugini (ASX:PNR) is progressing its Nicholsons Gold Project near Halls Creek in Western Australia towards production.

The company has now being granted an ASX trading halt in relation to the project and a capital raising.

In its March quarterly, it noted that construction activities were advancing in accordance with the project works schedule and on track for completion by the end of the June quarter.

Production activities are expected to commence shortly thereafter.

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

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