As rur has already posted the announcement says:-
"Pursuant to Listing Rule 7.1, the Company (ASX:EXS) requests an immediate halt in the trading of its securities pending an announcement in respect of a significant transaction."
Chapter 7 - Changes in capital and new issues
Obviously, Exco want a LOT of money for "something".
Knowing that the Management in this Company are high calibre, I would say that it is a VERY good reason; and seeing that they have an excellent relationship with Barclays (whom they could tap at any time imo) provides me with confidence ... at least until I read the next announcement that is, lol.
As rur has already posted the announcement says:-"Pursuant to...
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