Danakali in trading halt with capital raising announcement pending
The company is focused on the development of the Colluli Sulphate of Potash Project in Eritrea, a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO).
The halt will remain in place until April 28 or when an announcement is released to the market.
Danakali Ltd (ASX:DNK) (LON:DNK) (OTCMKTS:SBMSF) has been granted a trading halt by the ASX with an announcement pending in regard to a proposed capital raising.
The halt will remain in place until the beginning of regular trade on Thursday, April 29, or when an announcement is released to the market, whichever occurs earliest.