Sipa Resources Ltd (ASX:SRI) has been granted a trading halt by the ASX today, pending details on a placement and share purchase plan.
The halt will remain in place until the opening of trade on Wednesday 20th July 2016, or earlier if an announcement is made to the market.
Sipa has recently completed a drilling program at the Akelikongo nickel-copper prospect in Northern Uganda.
The company also completed a Farm-in and Joint Venture Agreement with Ming Gold Limited for copper-gold exploration at the Paterson Province in Western Australia.
Drilling at the Great Sandy Gold-Copper Project in the Paterson Province will commence in a couple of weeks.
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