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Oilexco suspended from trade

Trading was suspended in Canadian Independent Oilexco’s shares on the London’s Stock Exchange this afternoon.

Rob Watts  19 November 2008 16:20 GMT

The Financial Services Authority would only say the shares had been temporarily suspended pending “an announcement”.

No other details were available.

Oilexco’s stock was trading down at 121 pence when the suspension happened at about 1430GMT. They opened the day at 145 pence.

A spokesman told UpstreamOnline he believed the suspension was connected to a recently announced convertible bond offer.

Published: 19 November 2008 16:20 GMT  | Last updated: 19 November 2008 16:36 GMT

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