Torian Resources (ASX:TNR) has been granted a trading halt by...

Torian Resources (ASX:TNR) has been granted a trading halt by the Australian Stock Exchange pending finalisation of a material acquisition.

In September the company provided an update on the transaction with Cascade Resources.

Highlights included:

- First Condition Precedent satisfied with receipt of confirmation of satisfactory due diligence from Cascade Resources Limited (Cascade);
- Due diligence on Cascade and the Projects nearing completion; and
- Transaction documentation including Acquisition Agreements, Notice of Meeting to Shareholders of Torian and the Prospectus are well progressed.

The halt will remain in place until the opening of trade on Thursday 11th December 2014, or earlier if an announcement is made to the market.