Samson Oil & Gas requests trading halt pending news on capital raise

|About: Samson Oil & Gas Limited (SSN)|By:, SA News Editor

Samson Oil & Gas (SSN) requests a trading halt on the NYSE and Australian Securities Exchange until Aug. 21 pending the announcement of a capital raise.

Last week, SSN divested half its equity position in undeveloped acreage in the North Stockyard project in North Dakota for ~$5.5M in cash, and terminated an agreement to sell interests in the Roosevelt Project in Montana for ~$13.5M in cash.