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Vector Resources Prepares For Capital Raising Announcement, Placed In Pre Open

Vector Resources (ASX: VEC) has been granted a trading halt by the ASX pending the release of a proposed capital raising, with the company's shares placed in pre-open.

Vector has not yet provided details on where the potential new funds will be allocated, but the company has recently been discovering bonanza grade gold at the Gwendolyn East Project in Western Australia.

A recent highlight from the project includes 5 metres at 253.33 grams per tonne (g/t) gold from 24 metres, including 1 metre at 1,165g/t gold.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 23 July.

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