Krakatoa Resources (ASX:KTA) has some acquisition news pending on the table, with the company also looking to undertake a capital raising.
The ASX has granted Krakatoa a trading halt to prepare.
Recently the company signed a Heads of Agreement providing an option to acquire a 75% controlling interest in two graphite projects.
The halt will remain in place until the opening of trade on Wednesday 2nd march 2016, or earlier if an announcement is made to the market.
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