Cardinal Resources Ltd (ASX:CDV) is heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
Cardinal recently has continued to extend a gold mineralised zone at the Namdini gold project in Ghana.
The drilling success has shares in the company last trading over five-times higher than 12-months ago.
The halt will remain in place until the opening of trade on Monday 11th July 2016, or earlier if an announcement is made to the market.
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