logo-loader
viewLaneway Resources Ltd

Laneway Resources to raise funds

au_australianhundreddollar350_51ad30ee39ed1.jpg

Laneway Resources (ASX: LNY) has been granted a trading halt this morning by the ASX, with its shares placed in pre-open, pending a capital raising announcement.

Laneway is currently working through a restructure and recapitalisation which the company said in its March 2013 quarterly is well advancing. This includes a name change, share consolidation, cancelation of forfeited partly paids and implementation of cost reduction strategies.

The company is actively reviewing a number of new project opportunities.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 6th June 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Laneway Resources Ltd

Price: 0.007 AUD

ASX:LNY
Market: ASX
Market Cap: $26.15 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Protech Home Medical has a full treasury as they look for rapid growth in...

Protech Home Medical (CVE: PTQ- OTCQX: PTQQF) CEO Greg Crawford joined Steve Darling from Proactive to discuss the home medical equipment industry company. That company provides devices like ventilators and oxygen concentrators. Crawford told Proactive the company just completed a large...

1 day, 2 hours ago

2 min read