Mongolian Resources (ASX: MRF) is preparing to announce a potential acquisition, with the ASX granting the company a trading halt this morning – with its shares placed in pre-open.

The company recently raised $2.5 million, which is to be allocated to defining JORC.

Resources on the Licences, while also to allow the company to undertake a number of due diligence programs on other projects.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 9th April 2013.