Red Gum Resources (ASX:RGX) has been granted a trading halt by the ASX, with its shares placed in pre-open.
Recently the company said that negotiations with potential bidders for the acquisition of the company's mining assets located in Chile and Peru are progressing.
Red Gum added at the time that their disposal will make it simpler for the company to take advantage of new opportunities outside the resources sector, as well as remove the associated holding costs.
The halt will remain in place until the opening of trade on Thursday 2nd April 2015, or earlier if an announcement is made to the market.
