Tellus Resources (ASX:TLU) has been granted an ASX trading halt...

Tellus Resources (ASX:TLU) has been granted an ASX trading halt in relation to a capital raising.

In November, the company flagged that it would give shareholders the opportunity to acquire a material and marketable parcel of shares over the next few months.

Tellus has a 25% interest in the Covenant Mondo Joint Venture, a conventional oil asset in Utah, and a 25% stake in the Block 3114 onshore Madagascar, which has a drill ready anticlinal oil target.

The company also has a 25% interest in PRL’s 108,109 and 110 in the Cooper Basin, South Australia as well as legacy gold assets in Queensland and New South Wales.

The halt will last until the earlier of the announcement being made or the commencement of trade on Friday, 19th December 2014.