Ironbark Zinc Ltd (ASX:IBG) has been granted a trading halt by the ASX, pending details of a capital raising.
The halt will remain in place until the opening of trade on Monday 4th April 2016, or earlier if an announcement is made to the market.
Ironbark is focused on the Citronen Zinc Project in Greenland, which is one of the world's largest undeveloped zinc resources.
Earlier in the month the company received a draft Impact Benefit Agreement (IBA) from the Greenland Government for Citronen.
This was a significant milestone in the progression toward an Exploitation Licence Application for the project.
The IBA is the remaining document that needs to be finalised and agreed in the Exploitation Licence process before an Exploitation Licence can be awarded.
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