(MENAFN- ProactiveInvestors)
() has been granted a trading halt by the ASX pending details regarding an offer for the company's gold assets and the implication of this on its current entitlement issue.
RNI's main assets are the Grosvenor Gold Project which has delivered bonanza results grading up to 586.7g/t gold within a broader intersection of 10.1 metres at 26.3g/t gold.
The company's Doolgunna Copper-Gold Project is neighbours the recent Monty massive sulphide discovery which has returned 16.5 metres at 18.9% copper and 2.1g/t gold.
The halt will remain in place until the opening of trade on Friday 31st July 2015 or earlier if an announcement is made to the market.
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