Wolf Minerals halts trading on ASX to raise funds

12th Mar 2014 12:08

Wolf Minerals, which has a tin and tungsten mining scheme in south-west England, has halted trading of its shares on the Australian Securities Exchange (ASX) to allow it to raise capital.Wolf, which owns the Hemerdon project in Devon, said the trading halt will remain in place until it updates the market on the outcome of the fund-raising, or until the planned re-start of trading on March 14th.The company said it expected its ordinary shares to continue to trade on AIM during the period. Wolf said its major shareholders, Resource Capital Funds and TTI (NZ), would take part in the proposed capital raising.Wolf's shares fell 4p or 16.75% to 19.88p at 12:28 in London.PW