Bathurst Resources Ltd’s (ASX:BRL) shares have been on a tear recently, last trading at $0.068, or more than four times higher than two months ago.
This morning the company has been granted an ASX trading halt, with its shares placed in pre-open.
Bathurst requested the halt pending details in relation to an agreement for sale and purchase with Solid Energy New Zealand Limited for the acquisition of North Island Rotowaro and Maramarua Mines and South Island Stockton, Mt William North and Upper Waimangaroa Mines.
The company will also outline capital raising details.
The halt will remain in place until the opening of trade on Wednesday 2nd November 2016, or earlier if an announcement is made to the market.
Story by ProactiveInvestors