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  • Sun Resources Requests Suspension To Finalise Placement 0 comments
    Nov 4, 2013 1:20 AM

    Sun Resources' (ASX: SUR) shares will be suspended following a request by the company as it finalises a placement and capital raising to fund exploration across its Woodbine Oil Play acreage in Texas.

    The suspension is requested to remain in place until Wednesday, 6 November 2013.

    Earlier in August, Sun raised $13.5 million via a placement to a wholly-owned subsidiary of Hancock Prospecting Pty Ltd, representing an 18.48% interest in Sun Resources' share capital upon completion of the placement.

    The company is preparing to participate in the drilling of three new horizontal wells across its Woodbine Oil Play acreage in Texas.

    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.

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