Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Lemur Resources Has 'Potential Change In Control Transaction'

Lemur Resources (ASX: LMR) has been granted a trading halt this morning by the ASX, with its shares placed in pre-open, pending in relation to an approach regarding a potential change in control transaction.

Recently Lemur finalised the exploration program at its 99% owned Imaloto Coal Project and Extension, which is located in Madagascar.

The project has a JORC Coal Resource of 135.7 million Gross Tonnes in Situ, of which 68% is in the high confidence Measured category. In total Measured and Indicated is 91%.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 14th May 2013.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.