ADX Energy Ltd (ASX:ADX) is preparing to outline details of a placement to sophisticated and institutional investors, with the ASX granting the company a trading halt to prepare.
Most recently the company has been focused on oil field opportunities in Romania and potential exploration and appraisal assets in Italy.
The halt will remain in place until the opening of trade on Monday 2nd May 2016, or earlier if an announcement is made to the market.
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