Oil and gas explorer Cossack Energy (ASX:COD) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.
COD is preparing details concerning its Polish acquisition, along with a capital raising.
Recently the company signed a Binding Heads of Agreement signed with private company Iskander Energy to acquire their 24% Joint Venture Interest in the Bieszczady Project in Poland.
Last month the company completed an oversubscribed $2.5 million placement.
The halt will remain in place until the opening of trade on Wednesday 9th July 2014, or earlier if an announcement is made to the market.
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News: Cossack Energy to update Polish acquisition, raise capital
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Price($) | Vol. | No. |
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