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Newzulu Limited To Increase Cash Position

Newzulu Limited (ASX:NWZ) has been granted a trading halt by the ASX today, pending details of a capital raising.

Earlier in the week Newzulu signed an agreement with ABC News to use the company's crowd sourcing technology.

The agreement provides technical and commercial validation of Newzulu's technology, platform and content.

The halt will remain in place until the opening of trade on Tuesday 15th December 2015, or earlier if an announcement is made to the market.

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.