Carbon Energy Ltd (ASX:CNX) is an emerging global energy technology provider and services company with expertise in unconventional syngas extraction through utilising its proprietary keyseam® underground coal gasification (UCG) technology.
Carbon Energy Limited (ASX:CNX) has been granted a trading halt by the ASX, with its shares placed in pre-open.
CNX requested the halt pending details of a capital raising, which the company said is anticipated to include participation and sub-underwriting by one or more foreign parties.
The halt will remain in place until the opening of trade on Friday 11th March 2016, or earlier if an announcement is made to the market.
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