News: White Star Resources to update on Spookfish transaction

White Star Resources (ASX:WSR) has been granted a trading halt pending an update on the Spookfish transaction.

White Star acquired a 12.5% interest in Spookfish and has an option to acquire the remaining share capital.

Spookfish is seeking to redefine the global geospatial industry.

Earlier in the month Spookfish successfully processed data captured during sensor testing in Sydney and Perth and generated full 3D models with the captured imagery.

The results of the testing validate the performance and robustness of the automated processing system in preparation for full-scale testing of the Spookfish Technology Demonstrator over the coming months.

The halt will remain in place until the opening of trade on Wednesday 29th October 2014, or earlier if an announcement is made to the market.