Gloucester Coal Ltd (ASX:GCL) has requested the Australian Securities Exchange suspend the company’s securities pending an announcement.
The suspension is connected to two potential acquisitions and a potential capital raising. The company says the negotiations are ongoing.
Gloucester requested the suspension before the market opened, extending the trading halt started on May 9.
Gloucester Coal shares last traded at $9.90.
Gloucester Coal reported a net profit of $23 million for the half year ended December 31, 2010.
