9th Nov 2015 09:37
LONDON (Alliance News) - Wildhorse Energy Ltd Monday said it will publish a mineral resource for the Lake Wells project in Western Australia by the start of Wednesday.
The company said it has requested its shares be suspended from trading on the Australian Securities Exchange pending the announcement, and said the suspension will remain in place until the earlier of the mineral resource announcement or the open of trade on the ASX on Wednesday.
It said it is "anticipated" that its shares on AIM will resume trading during the period.
The resource follows on from the company's most recent work on the project, which comprised of drilling, pump testing process testwork and evaporation trials.
Wildhorse shares were trading up 4.8% to 8.39 pence per share on Monday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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