Oil and gas explorer Cossack Energy (ASX:COD) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.
COD is preparing details concerning its Polish acquisition, along with a capital raising.
Recently the company signed a Binding Heads of Agreement signed with private company Iskander Energy to acquire their 24% Joint Venture Interest in the Bieszczady Project in Poland.
Last month the company completed an oversubscribed $2.5 million placement.
The halt will remain in place until the opening of trade on Wednesday 9th July 2014, or earlier if an announcement is made to the market.
Oil and gas explorer Cossack Energy (ASX:COD) has been granted a...
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