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Antares Energy to update on Northern Star and Big Star projects

Published: 12:00 11 Sep 2015 AEST

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Antares Energy (ASX:AZZ) has been granted a trading halt by the ASX pending details in relation to the purchase and sale agreements for the Northern Star and Big Star projects.

Recently Antares executed agreements with a private equity purchaser for the sale of Northern Star for US$148,788,560 and Big Star for US$105,069,420.

The company's shares have since jumped five-fold to A$0.50.

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.

 

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