L&M Energy shares halted pending announcement on capital raising

Share trading in L&M Energy has been halted pending a statement on a capital raising plan.

The coal seam gas and natural gas development company this month announced a feasibility study with Invercargill-based transport firm HW Richardson on developing small scale liquefied natural gas projects, starting with L&M’s gas asset near Ohai in Southland.

Shares of L&M last traded at 15 cents, giving the company a market value of $27 million. The stock has fallen 12% in the past three months.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance