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Australia's Santos to announce capital raising

Australia's Santos to announce capital raising

Write: Huon [2011-05-20]
PERTH, May 11 - Australian oil and gas producer Santos Ltd (STO.AX) will announce a proposed capital raising involving institutional and retail investors on Monday, it said in a statement.

It requested a halt to the trading of its shares pending the announcement. The halt will remain until the outcome of the offer is released to the market on Wednesday.