Stratos Resources (ASX:SAT) has been granted an ASX trading halt in relation to a proposed acquisition.
The company had earlier this week raised $106,000 through an oversubscribed share purchase plan priced at $0.005 each to advance its Yinchen tin project in Indonesia and review new investment opportunities.
Yinchen is strategically located in the Bangka/ Belitung tin production area of Indonesia, which is largest exporter of tin globally, accounting for over 30% of the world's tin production.
The halt will last until the earlier of the announcement being made or the start of trading on Monday, 6 October 2014.
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