Phoenix Gold (ASX:PXG) has been granted a voluntary suspension by the ASX to allow the company to complete negotiations with a third party and finalise the terms for a strategic relationship.
Phoenix said that it is expected that the suspension will end when the company has finalised the contract and is then in a position to provide details.
The company requests the suspension to end at the commencement of trading on Monday, 4 May 2015 or when the announcement is made, whichever occurs sooner.
Phoenix's projects are located on the highly prospective Zuleika and Kunanalling shear zones in the heart of the Western Australian Goldfields, less than 50 kilometres from the regional mining centre of Kalgoorlie.
