Sunseeker Minerals (ASX: SKM) has been granted a trading halt by the ASX pending an announcement on a proposed acquisition, with the company's shares placed in pre-open.
Sunseeker has not yet provided any further details on the acquisition, but the company did outline in the recent quarterly that with the Lucky Downs Project having the potential to deliver a viable gold and/or base minerals mining operation, and generate cash flows so that the company may continue to acquire and develop worthwhile projects.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 13th August.
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