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Namibian Copper Granted Trading Halt By ASX Ahead Of Capital Raising Announcement

Namibian Copper (ASX: NCO) has been placed in pre-open this morning as it prepares to release an announcement regarding a capital raising.

The company is in an interesting position having recently agreed to acquire two prime advanced stage exploration projects in Eritrea, including the Mogoraib River project.

Mogoraib River contains the advanced stage Hambok copper-zinc project which hosts a near surface JORC Resource containing 550 million pounds of copper and 1.2 billion pounds of zinc.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Tuesday 27 March.