Black Range Minerals (ASX:BLR) has been granted a trading halt...

Black Range Minerals (ASX:BLR) has been granted a trading halt by the ASX with its shares placed in pre-open.

Black Range requested the halt pending an update on the proposed takeover offer from Western Uranium Corporation.

Western Uranium Corporation has made a conditional takeover offer for 100% of Black Range’s shares.

Pursuant to the proposed offer, Black Range shareholders will receive 1 Western share for every 750 Black Range shares.

Western owns multiple advanced-stage, near-term development uranium projects in the U.S., including the Sunday Mine Complex in Colorado that is fully permitted for mining.

The halt will last until the opening of trade on Wednesday 4th March 2015, or earlier if an announcement is made to the market.