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Petratherm Ltd (ASX:PTR) has an acquisition on the table, and the ASX has granted the company a trading halt to prepare details.
Petratherm Ltd (ASX:PTR) has appointed entrepreneur, investor and analyst, Andrew Haythorpe, as its new managing director. Haythorpe has been involved in over A$300 million of mergers and acquisitions, and capital raisings in mining and technology. Haythorpe will hit the ground running, and will be actively identifying new projects for the company, with an initial emphasis on energy and resource projects.
Petratherm Ltd (ASX:PTR) has been granted a trading halt by the ASX, with its shares placed in pre-open. Petratherm requested the halt pending the employment of a key executive and a placement of equity. The halt will remain in place until the opening of trade on Wednesday 24th August 2016, or earlier if an announcement is made to the market.
Petratherm Ltd (ASX:PTR) aims to develop a portfolio of quality geothermal energy projects using both conventional and engineered geothermal systems (EGS) for power and heat.