Tian Poh Resources (ASX:TPO) has some acquisition news on the horizon, with the ASX granting the company a trading halt to prepare.
No additional details have yet been revealed.
Recently, Tian Poh secured an option to acquire 51% of a Molybdenum-Copper deposit in Mongolia, known as the Zuun Mod Deposit.
The agreement contains a further option to acquire the remaining 49% stake, which would raise ownership to 100% under agreed terms.
The company had $2.4 million in cash at the end of March 2015.
The halt will remain in place until the opening of trade on Wednesday 15th July 2015, or earlier if an announcement is made to the market.
