Precious Metal Resources (ASX:PMR) has been granted a trading halt by the ASX pending the results of the company’s extraordinary general meeting being held today.
The meeting will be held to approve among other things the acquisition of CK Graphic Sdn Bhd and a change to the nature and scale of activities of the company.
If the acquisition and name change is approved, PMR will have to re-comply with Chapters 1 and 2 of the ASX Listing Rules
PMR also recently lodged a prospectus offering for subscription 20,000,000 shares at an issue price of $0.20 per share to raise $4 million.
The halt will remain in place until the opening of trade on Friday 27th February 2015, or earlier if an announcement is made to the market.
