Resource Star (ASX:RSL) recently positioned itself to dial into the cloud-sector, with the company having an exclusive option to acquire 100% of the issued shares of Cloud Lands Digital Fortress Pty Ltd.
Cloud Lands’ business model is to aggregate Tier 2 enterprise and SME customers and provide cloud services.
RSL has now been granted a trading halt by the ASX pending an announcement on the acquisition, with the company's shares placed in pre-open.
The halt will remain in place until the opening of trade on Thursday 16th October 2014, or earlier if an announcement is made to the market.
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