Burleson Energy (ASX:BUR) is preparing to outline details of a placement, with the ASX granting the company a trading halt to prepare.
Burleson recently said that it is considering selling its production assets at an industry auction in either September or October 2015, subject to a achieving a reasonable commercial outcome from the process.
The company has also been reviewing a number of assets and projects.
The halt will remain in place until the opening of trade on Tuesday 15th September 2015, or earlier if an announcement is made to the market.
