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AJ Lucas finalising capital transaction

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AJ Lucas (ASX: AJL) is finalising the arrangements for a capital transaction and has gone into a ASX trading halt.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 13th February 2013.

AJ Lucas’ associate company Cuadrilla Resources Holdings had in December 2012 said it will resume fracture stimulation of wells in Lancashire after the U.K. Government gave its in principle approval.

The company holds a 43% stake in Cuadrilla.

 

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: AJ Lucas Group Ltd

Price: 0.048 AUD

ASX:AJL
Market: ASX
Market Cap: $57.42 m
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