Ochre Group Holdings (ASX:OGH) has been granted an ASX trading halt in relation to a significant and material corporate transaction.
The halt will last until the earlier of the announcement being made or the start of trade on Wednesday, 22nd April 2015.
During the half-year ended, the company sold its Wonmunna Iron Ore Tenements to Ascot Resources (ASX:AZQ).
This gave it a 38.8% stake in Ascot and a receivable of $19.95 million repayable five years after first production of Iron Ore from the Wonmunna Tenements.
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