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Australia Linc Energy to update on coal-asset sales

Australia Linc Energy to update on coal-asset sales

Write: Marijan [2011-05-20]
SYDNEY, June 22 - Shares in Linc Energy Ltd (LNC.AX) went on a trading halt on Monday ahead of an update from the group on the status of its sale of Australian coal tenements.

Linc said in a statement it wished to clarify comments in a report in the Australian Financial Review on Monday. The report said Linc was close to mandating investment banks to oversee the sale of the two coal assets in Queensland state.