GB Energy Ltd (ASX:GBX) has been granted a trading halt by the ASX in afternoon trade, pending details in relation to the Kalia Holdings Pty Ltd acquisition.
Kalia, the parent company of Papua New Guinean registered subsidiary Kalia Investments Ltd, holds contractual rights to explore for minerals and develop mines in the Tinputz district of North Bougainville, Papua New Guinea.
The region is prospective for gold, copper and other minerals.
The halt will remain in place until the opening of trade on Monday 18th September 2017, or earlier if an announcement is made to the market.