Exterra Resources (ASX:EXC) has been granted a trading halt pending an update from the Linden Project.
Earlier in the month the company entered into a $7 million Project Sale Agreement for its Linden Project in Western Australia with Fortuna SL Mining Pty Ltd.
Details at the time said that Exterra shall receive consideration of $7 million cash in three tranches.
The first tranche of $100,000 has been received, with another $150,000 due today, and the remaining $6.75 million due by Wednesday 5th August this year.
The halt will remain in place until the opening of trade on Friday 17th April 2015, or earlier if an announcement is made to the market.
Add to My Watchlist
What is My Watchlist?