Proactive Investors - Run By Investors For Investors

Xstate Resources to raise funds

The halt will remain in place until the opening of trade on Friday.
Xstate Resources to raise funds
Xstate has been granted a trading halt

Xstate Resources (ASX:XST) has been granted a trading halt by the ASX, pending details related to a capital raising.

The halt will remain in place until the opening of trade on Friday, 17th February 2017, or earlier if an announcement is made to the market.

Xstate recently entered into binding agreements with four sophisticated Asian investors to raise a total of $25 milion at $0.38 per share.

The aim is to fund the acquisition of Xstate’s intended Los Angeles Basin oil fields transaction.

View full XST profile View Profile

Xstate Resources Ltd Timeline

Newswire
February 15 2017
Newswire
August 31 2015

Related Articles

China
Thu
China asset GGZ will be spun off in 2020 as a dividend in specie
oil and gas operations
July 20 2018
“To open up the well and have clean oil come to surface with no water meant the Gatwick Gusher gushed again – a lot earlier than we thought,” Lenigas said in exclusive interview with Proactive Investors’ Andrew Scott.
oil and gas operations
December 04 2018
The acquisitive oiler has told investors that financial results for 2018 will be ahead of previous expectations

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use