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Elixir Petroleum to reveal proposed transaction, capital raising

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Elixir Petroleum (ASX:EXR) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Elixir requested the halt pending details of a proposed transaction and associated capital raising.

Recently the company completed a strategic review with a renewed focus on international new ventures.

The company holds a 100% working interest in the Moselle exploration licence onshore France and is currently reviewing several new venture opportunities.

The company has no debt and $900,000 cash at the end of March 2014.

The halt will remain in place until the opening of trade on Friday 25th July 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Elixir Energy Ltd

Price: 0.083 AUD

ASX:EXR
Market: ASX
Market Cap: $57.21 m
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