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Legacy Iron Ore To Reveal Coal Project Acquisitions, Granted ASX Trading Halt

Legacy Iron Ore (ASX: LCY) is preparing to release an announcement to the market on the proposed acquisition of thermal and coking coal projects in Queensland.

The company was granted a trading halt by the ASX today.

In early March Legacy appointed Azure Capital as corporate adviser to assist with the evaluation and acquisition of key coal and iron ore projects.

The appointment of Azure is part of Legacy's strategy to invest in producing or near producing assets through acquisitions or joint venture partnerships.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Thursday 3 May.

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