Trading in shares in Perth-based uranium and coal explorer Strike Resources Ltd was halted today pending the release of a market announcement in relation to the acquisition of an iron ore project.
The announcement is expected to be released prior to commencement of trading on the 24th May.
In April, the company announced its key iron ore tenement - Paulsens East - had been granted.
The Paulsens East' tenements comprise the recently granted PL 47/1170 and Exploration Licence Application ELA 47/1328 which together cover a total area of 19.64km2.
The tenements are located 140km west of Tom Price (close to bitumised road) and eight kilometers east north east of the Paulsens Gold mine in the northwest of Western Australia. Strike's interest in such tenements is 75 per cent.
At market close on Friday, Strike's share price closed up 2 cents to 36 cents.
Meanwhile, Burswood-based Environmental Solutions International Ltd has requested a trading halt, pending release of an announcement expected to be released no later than the commencement of trading on 24th May.
Welshpool-based Mineral Commodities Ltd has also requested a trading halt of its securities, pending release of an announcement.