(MENAFN- ProactiveInvestors)
Auroch Minerals () has been granted a trading halt by the ASX pending details regarding the disposal of the Manica Gold Project in Mozambique.
Recently Auroch entered into a binding agreement to sell 100% of the Manica Mining Concession 3990C to ().
Consideration for the deal is US$11 million in a combination of cash and equity in Xtract plus assumption of project related creditors of up to US$1.5 million.
The halt will remain in place until the opening of trade on Monday 14th September 2015 or earlier if an announcement is made to the market.
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