Burleson Energy (ASX:BUR) has been granted a trading halt by the ASX, pending further details in relation to its proposed acquisition of Sky & Space Global (UK) Limited.
Sky & Space Global is a UK incorporated company by Israeli Aerospace and Satellite industry experts.
The company plans to deploy Nano-satellites constellations in orbit to provide global communication infrastructure and services to the telecommunications and international transport industries.
The halt will remain in place until the opening of trade on Wednesday 10th February 2016, or earlier if an announcement is made to the market.
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