Latin Resources Ltd (ASX:LRS) has been granted a trading halt by the ASX, pending details relating to a Joint Venture.
LRS has been a very strong ASX performer, with its shares trading recently at around $0.009, or three times higher than in February of this year.
The company has also raised $385,000 through the placement of 77,000,000 shares at $0.005 to sophisticated and professional investors, which follows a research and development rebate of $950,000.
The company has an extensive exploration portfolio in Peru, and throughout 2015, LRS also focused its attention on identifying and evaluating projects presenting short term cash flow generating opportunities.
The halt will remain in place until the opening of trade on Monday 9th May 2016, or earlier if an announcement is made to the market.
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