Paynes Find Gold (ASX:PNE) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.
PNE requested the halt pending a material acquisition.
A recent substantial shareholder notice had Delecta Limited (ASX:DLC) increasing its position in PNE to 48.9%
DLC is also in a trading halt today pending an acquisition.
The halt will remain in place until the opening of trade on Thursday 25th September 2014, or earlier if an announcement is made to the market.
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