Engin calls trading halt as funding search spikes share price

Stuart Corner
Wednesday, 13 September 2006 13:34

IT Industry - Strategy

VoIP provider, engin (ASX: ENG) , has called a trading halt pending an announcement, just two days after responded to an ASX query saying it had nothing to announce.

• Announcements

The ASX queried engin on 11 September on a sudden spike in its share price noting that this had risen from 22.5 cents on 4 September to 34 cents on 11 September. The company responded saying it "has been and is currently in discussions with a number of parties in relation to various transactions including possible capital raising opportunities with various investors, including institutional, strategic and sophisticated investors." It added that no agreements on any particular transaction had been reached.

Announcing the trading halt, the ASX said it would remain in place until commencement of trading on 15 September, or until the announcement was made.