Burleson Energy Ltd (ASX:BUR) is preparing to outline details in regards to a placement of securities.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
Burleson has previously entered into an agreement to acquire 100% of Sky and Space Global UK (SSG).
SSG is focused on providing communication solutions to the global satellite market.
The halt will remain in place until the opening of trade on Tuesday 29th March 2016, or earlier if an announcement is made to the market.
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