Genesis Resources' (ASX: GES) shares are in pre-open this morning, following the Australian Stock Exchange granting the company a trading halt.
Genesis requested the halt pending a proposed transaction.
Earlier in the week the company secured funding through a placement of shares, which will raise $1,000,000.
Funds will be allocated to ongoing drilling and exploration programs at its Plavica gold project in Macedonia.
The company's near-term plan is to earn 62% and obtain a Plavica Exploitation Licence.
The halt will remain in place until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 29th January 2014.
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