Orbis Gold (ASX:OBS) has been granted a trading halt by the Australian Stock Exchange, pending an update on corporate and capital raising activities.
Orbis is focussed on gold in Burkina Faso, with the company recently receiving an off-market takeover offer by SEMAFO Inc.
At the end of January the offer was extended to 7.00pm (Sydney time), 20th February 2015.
The halt will remain in place until the opening of trade on Wednesday 11th February 2015, or earlier if an announcement is made to the market.