$1b raising likely reason behind FMG trading halt

FORTESCUE Metals Group shares have gone into a trading halt today pending an announcement as reports circulate that the iron ore hopeful is to raise $1 billion to fund its operations in Western Australia’s Pilbara region.

$1b raising likely reason behind FMG trading halt $1b raising likely reason behind FMG trading halt $1b raising likely reason behind FMG trading halt $1b raising likely reason behind FMG trading halt $1b raising likely reason behind FMG trading halt

According to news reports in the Australian Financial Review, Fortescue was planning a $1 billion capital raising, with the company appointing Citigroup to lead the new fund raising.

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