Otto, Metex in trading halts
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Wednesday, 14 May, 2008 - 08:50
West Perth based Otto Energy Ltd and mineral exploration company Metex Resources have both entered trading halts, pending an announcement due to be made on Friday.
This follows news last week of Metex securing $11 million through a share placement with chemical and fertilizer group Incitec Pivot Ltd.
IPV agreed to subscribe for 55 million shares in Metex at 20 cents per share, allowing Metex, soon to be renamed Carbon Energy Group, to move forward on its Underground Coal Gasification venture in Queensland.
Also trade in shares in Beadell Resources have been halted.
Companies: