Cell Aquaculture Limited (ASX:CAQ) securities have been placed in voluntary suspension pending an announcement of a capital raising.
The board is continuing to work towards finalising the terms.
A further announcement regarding the company’s capital management initiatives will be given once progress has been made on the proposed capital raising.
A further update is expected by the middle of January.
Cell Aquaculture made a loss of $2 million in the financial year to June 30, 2011.
