Sign up Australia
Proactive Investors - Run By Investors For Investors

Metals Finance in halt pending "significant corporate transaction"

Metals Finance in halt pending "significant corporate transaction"

Metals Finance's (ASX:MFC) shares have been placed in a trading halt to allow time to prepare an announcement in relation to a "significant corporate transaction".

The trading halt is to last until the earlier of the company releasing an announcement or the commencement of trade on 6th March 2014.

In the most recent quarterly, the company stated that it had reviewed several alternate investment opportunities and conducted the appropriate due diligence.

Given the recent spate of microcap stocks moving into the technology sector, there is speculation that the transaction may be related to a tech-related acquisition.

MFC is currently a major shareholder in Bass Metals (ASX:BSM), and is currently capped at around $1.5 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full PAK profile View Profile

Pacific American Coal Ltd Timeline

Related Articles

St George drills up nickel
October 08 2018
The company is addressing UK investors this week and Australian nickel market players later this month.
map of australia with project locations marked
October 09 2018
The East Pilbara projects are prospective for conglomerate-hosted gold.
Trio undertaking survey work at Rockford project
October 09 2018
The company is seeking to emulate Independence Group’s successes at Nova-Bollinger and Andromeda.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use