Radar Iron's (ASX: RAD) shares are in pre-open this morning, following the ASX granting the company a trading halt.
Radar requested the halt pending an announcement regarding a major acquisition and associated funding.
Recently the company outlined that it was looking for acquisitions in Australia and globally, and was focussed on projects with available infrastructure that can be developed in a short time frame for a low capital cost.
The halt will remain in place until the opening of trade on Thursday 24th April 2014, or earlier if an announcement is made to the market.
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