Metal Storm (ASX:MST) enters trading halt

Defence technology company Metal Storm (ASX:MST) has entered a trading halt while it prepares an announcement about its $3 million rights issue.

The company, which announced the rights issue on July 15, said it should be ready to make the announcement by close of business on July 28.

Whether or not this deadline is made, the halt will be lifted by the commencement of trading on July 29.