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Cougar Energy To Undertake Bookbuild

Cougar Energy (ASX: CXY) has been granted a trading halt this morning with its shares placed in pre-open, pending a capital raising announcement.

The company intends to undertake a placement under Listing Rule 7.1 (issues not exceeding 15% of the company's issued capital without shareholder approval) to institutional and sophisticated investors through a bookbuild to conclude by close of business on Wednesday 20th February 2013.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 21st February 2013.

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