lol.just for you bangs.Titan Energy (ASX: TTE) has been granted...

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Titan Energy (ASX: TTE) has been granted a trading halt by the ASX pending the release of a proposed fund raising initiative, with the company's shares placed in pre-open.

Titan has not yet indicated where the potential capital injection will be allocated, but earlier in the week the company was preparing to spud the first well in its recently acquired interest in the Midyett South Development Project area in Franklin County, Illinois.

Earlier in March Titan an agreement to acquire an 81% interest in the Franklin Prospect area, and is earning an 81% interest in the Midyett #8-1 exploration well to be drilled into the Franklin Prospect by paying 96% of the estimated drilling costs of US$225,750 up to the point where production casing is run and cemented.

The halt will last until the earlier of the announcement being made to the market, or the opening of trade on Thursday 29 March.

http://www.proactiveinvestors.com.au/companies/news/26931/titan-energy-in-pre-open-pending-fund-raising-announcement-26931.html