Payments solutions provider Emerchants Limited (ASX:EML) is heading to market with a capital raising.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
Earlier in the week the company signed a 3 year agreement with MoneyMe Financial Group Pty Ltd.
Under the agreement, Emerchants will be providing MoneyMe with a fully reloadable Visa prepaid debit card for its customers in the small loans category.
The halt will remain in place until the opening of trade on Friday 26th September 2014, or earlier if an announcement is made to the market.
News: Emerchants Limited launches capital raising
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