Energy company Linc Energy Ltd
(ASX:LNC) has requested a trading halt this morning pending an announcement regarding a capital raising.
In a statement to the ASX, Linc says it is planning a placement to institutional and sophisticated investors.
On June 24, Linc announced that it had appointed UBS to manage the sale of its Emerald, Galilee and Pentland assets.
Linc also said that although negotiations with Chinese coal group Yanzhou Coal had been ongoing, exclusive discussions had ended.
Shares will remain in a trading halt until Monday August 3 or an announcement is made.
Linc Energy has posted net losses in the last five years.
