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Silver Swan Group In Pre Open Pending Capital Raising Details

Silver Swan Group (ASX: SWN) has been granted a trading halt by the ASX today pending the release of a proposed capital raising, with the company's shares placed in pre-open.

Silver Swan has not yet indicated where the potential new funds will be allocated, but the company has recently been active on two continents.

At the Quinns project in Australia - Silver Swan has been targeting more high grade volcanogenic massive sulphide (VMS) discoveries, where 25 kilometres of strike have been defined with the potential to host VMS mineralisation.

Silver Swan is also moving to acquire an 80% interest in the La Codosera Gold Project, which is located in a prime gold district in Spain.

Comparative mineralised systems of the same style, age and setting as La Codosera include the 600 million tonne Muruntau mine in Uzbekistan, the 6.6 million ounce Juneau mine in Alaska, and the 4.2 million ounce Haile mine in the U.S.

The halt will last until the earlier of an announcement being made to the market, or the open of trade on Tuesday 3rd July.

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