1st Jul 2015 07:51
LONDON (Alliance News) - Oilex Ltd shares in London fell on Wednesday after it said it has requested a halt to trading in its Australian shares pending the outcome of a proposed capital raising.
"Oilex requests the trading halt remain in place until the earlier of such time as it is in a position to make an announcement in relation to the outcome of the proposed capital raising and the commencement of trading on Friday 3 July 2015," said the company.
"Oilex is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is necessary to inform the market or the ASX about the trading halt," it added.
Oilex did not mention its London-traded shares in the announcement, or release any further details.
Oilex shares were down 5.0% to 2.85 pence per share in London on Wednesday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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