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Pegasus Metals Ltd’s (ASX:PUN) proposed acquisition of Scorpion Minerals Limited provides the company with an opportunity to secure a 70% joint venture interest in a polymetallic deposit in Burkina Faso.
Pegasus Metals Ltd (ASX:PUN) is readying to reveal details of an acquisition, and the ASX has granted a trading halt to prepare.
The nature of change was as resolved at the company's general meeting at the end of November.
The halt will remain in place until the opening of trade on Tuesday 22nd November 2016, or earlier if an announcement is made to the market.