IGC in halt on oil and gas acquisition

Shares in the Tony Sage-led International Goldfields have been placed in a trading halt pending an announcement relating to an acquisition of an oil and gas project.

The company is also in a trading halt pending the finalisation of a $60 million sale of its 15 per cent interest in the South Africa Tubatse platinum to Nkwe Platinum.

The company said it will release details by Wednesday morning.

Shares in International Goldfields last traded at 22 cents.