Wollongong Coal (ASX:WLC) has been granted a 2 + 2 trading halt by the ASX pending details regarding an accelerated rights issue capital raising involving retail and institutional investors.
WLC requested the additional time allow time to complete the institutional component.
The company owns and operates Russell Vale Colliery and Wongawilli Colliery in the Southern Coalfields Region of New South Wales.
The halt will remain in place until the opening of trade on Monday 10th November 2014, or earlier if an announcement is made to the market.
