Azonto Petroleum to sell main business
(ASX:APY) has been granted an ASX trading halt regarding the disposal of its main business undertaking.
The company had recently reached conditional agreement to sell its 35% interest in Vioco Petroleum Limited and CI-202 wellhead drilling equipment to Vitol E&P Ltd.
It had $3.6 million in cash as at 30th June 2015.
The halt will last until the earlier of the announcement being made or the start of trade on Tuesday 25th August 2015.
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