Real Energy Corporation (ASX:RLE) has been granted a trading halt by the ASX, pending details of a capital raising.
The company recently entered a non-binding Memorandum of Understanding with Santos (ASX:STO) allowing raw gas from Real Energy’s Windorah Gas Project to be processed into sales gas.
The halt will remain in place until the opening of trade on Tuesday 6th June 2017, or earlier if an announcement is made to the market.