Intra Energy (ASX: IEC) is currently in the process or organising a capital raising announcement, with the ASX granting the company a trading halt - with its shares placed in pre-open.
Intra Energy has operating coal mines and power projects of strategic importance in Eastern Africa
The company's flagship project is the Tancoal mine in the Ngaka Coalfield of Tanzania operated by Tancoal Energy Limited, a joint venture with the National Development Corporation of Tanzania as 30% shareholder.
Tancoal has commenced coal sales to local industry as well as exports to Malawi, Kenya and Uganda
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 17th April 2013.
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