What’s happening with the Northern Minerals (ASX:NTU) share price?

Northern Minerals Ltd (ASX: NTU) shares have gone nowhere today after the company requested a trading halt prior to market open this morning. By the close of trade Thursday, the Northern Minerals share price was fetching 5.2 cents.

Why is the Northern Minerals share price at a standstill?

The Northern Minerals share price remains unchanged today after the company requested a trading halt, pending a capital raising announcement.  

Northern Minerals is yet to release details on the capital raising. However, media outlets have speculated on the potential deal.

According to an article today in The Australian Financial Review, Northern Minerals is looking to raise $20 million in fresh equity via a placement of new shares. According to…