Modun Resources: Modun Resources to reveal raising for cloud transition

Modun Resources (ASX:MOU) is heading to market with a capital raising.The ASX has granted the company a trading halt, with its shares placed in pre-open.Modun is proposing to acquire 100% of the issued capital of LiveTiles Holdings Pty Ltd in a scrip transaction.LiveTiles is a software tool that deploys on top of Microsoft's cloud collaboration platforms.The halt will last until the earlier of the opening of trade on Wednesday 1st July 2015, or when an announcement is made to the market. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.