Laconia Resources in pre-open for material acquisition announcement

Laconia Resources (ASX: LCR) has been granted a trading halt pending the release of an announcement relating to a material acquisition.

The company has given no indication of the nature or terms of this acquisition.

Laconia has had success in recent months, with high grade silver assays from two of the company’s Pilbara projects, the 701 Mile and Lennons Find base metals projects.

In addition, the company signed a joint venture agreement earlier this year with Chinese syndicate Sinoz Mining Investment Group for the exploration and development of the Mooletar Iron Ore Project.

Shares in Laconia will remain in trading halt session state until the earlier of the commencement of normal trading or when an announcement is released to the market.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/22573/laconia-resources-in-pre-open-for-material-acquisition-announcement-22573.html