(MENAFN- ProactiveInvestors - Australia) Excalibur Mining (ASX: EXM) is preparing to announce an acquisition and also details on a capital structure, with the ASX granting the company a trading halt - with its shares placed in pre-open.
Excalibur has not yet released any further details, but the company did outline in the December 2012 quarterly the potential acquisition of mineral and prospecting licenses in Zambia.
This included the Jessie Mine (64%) and three large gold prospecting licenses (80%) which are currently under application at the Department of Mines in the Republic of Zambia. These prospecting licenses cover an area of 766 square kilometres.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 18th March 2013.Â
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