(MENAFN- ProactiveInvestors - Australia) Australia Oriental Minerals (ASX: AOM) has been granted a trading halt by the ASX today as it prepares to update the market on a potential material transaction.
No further detail regarding the potential acquisition were released, however the company is primarily involved in exploration for gold and copper in Queensland and silver in New South Wales.
More recently, Australia Oriental Minerals broadened its interests into shale gas and unconventional oil and gas.
The company recently completed an underwritten two for three non-renounceable Rights Issue at $0.001 per share to raise $1.5 million, which will be used for working capital and securing new opportunities.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Thursday 27 September.
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