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Rift Valley Resources to complete acquisition, raise capital

Rift Valley Resources to complete acquisition, raise capital

Rift Valley Resources (ASX:RVY) has been granted an ASX trading halt in relation to a capital raising and completion of an acquisition.

The halt will last until the earlier of the announcement being made or the start of trade on Tuesday, 10th March 2015.

In February, the company signed a term sheet with the Mtemi Resources Group of Companies for the acquisition of additional tenements in Tanzania.

Rift Valley has two gold projects in Tanzania and five priority targets in Angola.

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