MOD Resources (ASX:MOD) is preparing to divulge details of a capital raising, with the ASX granting the company a trading halt to prepare.
The company has also revealed today high-grade assays up to 116g/t silver from the latest drilling at Mahumo project.
One of the benefits of exploring and developing a project in Botswana is that capital and operating cost structures are substantially lower than in other countries.
The halt will remain in place until the opening of trade on Friday 6th March 2015, or earlier if an announcement is made to the market.
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