LNG Limited has gone into a trading halt ahead of leaked plans to raise $A174 million through an institutional placement at $4.35 a share each as part of plans to take on a third North American LNG project.
If this is in fact true what would we get for $174 million given BH was $11 million.
Maurice also indicated at the Sydney Presentation that the 3 rd project is in a country that is difficult to obtain permits etc, would not think that the US or Canada fall into this category, Mexico would fit the bill, Just another twist in the LNG story.
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