ECSI (ASX: ECS) has been granted a trading halt by the ASX pending the release of a material transaction announcement, with the company's shares placed in pre-open.
ECSI has not yet elaborated any further on the nature of the announcement, but the company is currently in a very interesting position, and earlier in the month announced an update on a proposed transaction to acquire African uranium assets.
The company has already received all draft reports in regard to the assets, which are located in South Africa, Namibia and Mauritania.
The halt will last until the earlier of the announcement being made available to the market, or the opening of trade on Friday 27 January.