The trading halt will remain in place until the beginning of trade on Monday, May 20, or when an announcement is made to market, whichever occurs earliest.
In March the company completed the Audiencia Publica (socialisation of the proposed grant of title) for its exploration licence applications at the Chuscal Gold Project in Colombia.
This process was run by the Colombian Mining Authority (ANM) in the municipality of Quinchia and is the final step prior to preparation of the Exploration Licence (EL) contract.
The company is earning a 51% interest in the Chuscal project.
Metminco also recently received firm commitments for the issue of unsecured convertible notes to raise up to $1 million for capital requirements as well as progressing a proposed merger with Andes Resources Limited.
The funds will go towards satisfying the proposed $4 million capital raising Metminco intends to undertake in conjunction with Andes, as part of the merger.