The trading halt will remain in place until the beginning of trade on Tuesday, September 29, or when an announcement is released to the market, whichever occurs earliest.
Shares last traded at 3.1 cents and have risen from 1.5 cents at the close on August 25.
Additional acres in Colorado
Blue Star recently acquired an additional 5,356 net acres in Colorado, USA, taking the company’s lease position to 129,561 gross acres or 73,486 net acres.
The new leases are from private mineral owners for an initial term of five years with an option to renew for a further five years.
Around 69,378 net acres have been verified with 4,108 net acres subject to verification.