Fitzroy Resources (ASX:FRY) is preparing to divulge detail of an acquisition, along with a capital raising.
No more details have yet been outlined for the acquisition, but Fitzroy did hold a cash balance of over $1.1 million in cash at the end of June 2015.
The ASX has granted the company a trading halt to prepare, with its shares placed in pre-open.
The halt will remain in place until the opening of trade on Friday 14th August 2015, or earlier if an announcement is made to the market.
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