News: Mutiny Gold granted halt pending potential corporate combination

Mutiny Gold (ASX:MYG) is preparing to divulge details of a potential corporate combination, with the ASX granting the company a trading halt to prepare.

Shares in the company traded 23.1% higher at $0.049 before the halt was called, and earlier in the day hit a 12-month high of $0.051.

Mutiny is focussed on its Deflector gold-copper-silver project in Western Australia, which hosts a JORC reserve of 322,000oz of gold at 5.6g/t, with a further 16,000 tonnes of copper and 360,000oz of silver.

The halt will remain in place until the opening of trade on Thursday 23rd October 2014, or earlier if announcement is made to the market.