Sharechat Logo

L&M Energy shares halted pending announcement on capital raising

Thursday 24th June 2010

Text too small?

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



  General Finance Advertising    

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.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report