Phoenix Copper (ASX:PNX) has been granted a trading halt by the ASX pending details of a material project acquisition and a capital raising.
The company's shares are currently in pre-open.
PNX said in the June quarterly 2014 that activities continued to grow the company took precedence over exploration for the period.
Discussions were also ongoing with several potential joint venture partners for its Iron Oxide Copper Gold (IOCG) project on the Yorke Peninsula.
The halt will remain in place until the opening of trade on Monday 18th August 2014, or earlier if an announcement is made to the market.
Phoenix Copper (ASX:PNX) has been granted a trading halt by the...
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