ICZ 0.00% 5.2¢ indus coal limited

News: Indus Coal's shares in pre-open following halt

  1. Indus Coal (ASX:ICZ) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.

    Indus requested the halt pending a potential transaction and an update in relation to the company’s current financing obligations.

    The company is focused on monetising its 38% owned Jambi Coal Projects and its 100% owned MukoMuko Coal Project over the next 12 months with local coal partner PT Param Energy.

    The Jambi Coal Projects consist of three coal bearing concessions totaling approximately 14,394ha which are located in the Central Tebo District, Tebo Regency, Jambi Province of Eastern Sumatra, Indonesia.

    Indus has indicated that it wants to build scale through further acquisitions.

    The halt will last until the opening of trade on Tuesday 23rd September 2014, or earlier if an announcement is made to the market.

     

 
watchlist Created with Sketch. Add ICZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.