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Elixir Petroleum to reveal raising, proposed transaction

The halt will remain in place until Tuesday 17th October 2017.

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The company's shares are in pre-open

Elixir Petroleum Ltd (ASX:EXR) might be on the lookout for a new asset, as the ASX has granted the company a trading halt pending details of a proposed transaction.

The company is also raising funds.

Most recently Elixir and partners agreed to plug and abandon the Rodwell 14-31 exploration well in Colorado, U.S.

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

Quick facts: Elixir Energy Ltd

Price: 0.042 AUD

ASX:EXR
Market: ASX
Market Cap: $21.04 m
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