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Red Mountain Mining To Reveal Capital Raising Activities

Philippines-focussed Red Mountain Mining (ASX:RMX) has been granted a trading halt by the ASX pending details of a capital raising.

The company's Batangas Gold Project is located south of Manila and hosts an Indicated and Inferred Resource of 6.19 million tonnes at 2.2g/t gold, or 444,000 ounces of contained gold.

The project has received strong local community support.

The halt will remain in place until the opening of trade on Wednesday 12th August 2015, or earlier if an announcement is made to the market.

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