Carbon Energy Ltd to update on rights issue - * (AU)
Carbon Energy Ltd to update on rights issue
Wednesday, April 06, 2016 by Proactive Investors
http://www.*.com.au/genera//img/companies/news/carbon_energy_construction_workers_358_57045dd9be340.jpg
Carbon Energy Ltd has been granted a trading halt by the ASX
Carbon Energy Ltd (ASX:CNX) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.
CNX requested the halt pending the renounceable rights issue entitlement funds from Kam Lung Investment Development Company Ltd (Kam Lung).
The company is focussed on the development and commercialisation of underground coal gasification (UCG) projects.
APP Securities has a Speculative Buy on CNX, with a target price of A$0.14.
The halt will remain in place until the opening of trade on Friday 8th April 2016, or earlier if an announcement is made to the market.
Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.
Bring on the 14c!
- Forums
- ASX - By Stock
- CNX
- Ann: Trading Halt-CNX.AX
Ann: Trading Halt-CNX.AX, page-14
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online