Silver Mines (ASX:SVL) has been granted a trading halt by the ASX, pending details regarding a proposed financing transaction that is significant and material to the company.
Earlier in the month the company entered into a Memorandum of Understanding with Malachite Resources (ASX:MAR) to purchase its Conrad Silver Project near Inverell, in New South Wales.
The halt will remain in place until the opening of trade on Thursday 21st May 2015, or earlier if an announcement is made to the market.
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