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Radar Iron's shares in pre-open, considers entering a joint venture

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Radar Iron's (ASX: RAD) shares are in pre-open today following the Australian Stock Exchange granting the company a trading halt.

Radar requested the halt pending the possible entry into a joint venture agreement.

Earlier in the month Radar was conducting ongoing due diligence to acquire 50% of the Uruara Iron Ore project in northern Para State, Brazil.

The Uruara project’s prospectivity is based on mapping and trenching which has identified extensive areas of massive, high grade iron ore mineralisation at surface.

The halt will remain in place until the opening of trade on Wednesday 22nd January 2014, or earlier if an announcement is made to the market.

 

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.

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