(MENAFN- ProactiveInvestors)
(ASX:OGY) has been granted a trading halt by the ASX pending details of a capital raising.
The company held $3.1 million in cash at the end of March 2015 and recently said it continues to review new opportunities.
This included saying that it is well placed to take advantage of the depressed global oil & gas market.
The halt will remain in place until the earlier of trade opening on Wednesday 6th May 2015 or when an announcement is made to the market.
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