24th Mar 2009 07:45
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ALBIDON LIMITED |
Level 1 |
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62 Colin St |
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West Perth AUSTRALIA ARBN 107 288 755 Tel:+6189211 4600 Fax: +6189211 4699 Email:[email protected] ASX Code: ALB AIM Code: ALD |
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24 March 2009
Suspension in Trading
Albidon Limited (the "Company") wishes to advise that the Company's funding arrangements, while well advanced, have yet to be finalised between Jinchuan Group Limited, the senior lenders and unsecured creditors.
If the Company cannot conclude its funding arrangements on a timely basis, then the Company and its subsidiaries will be placed in voluntary administration.
We therefore ask that trading in its ordinary shares on the AIM market to be suspended from the commencement of trade today whilst the Company seeks to conclude its funding arrangements.
Trading in the Company's shares was also halted on the Australian Stock Exchange from the opening of that market today (24 March 2009). Trading in the Company's shares can only be expected to resume on both AIM and ASX on the basis suitable funding can be agreed and subsequent to the announcement of such a transaction.
Yours faithfully
ALBIDON LIMITED
Len Troncone
Company Secretary
If you have any queries, please contact either Paul Chapman or Alasdair Cooke, Joint Managing Directors, on +61 8 9211 4600.
Additional information may also be viewed on Albidon's website at www.albidon.com.
Albidon's nominated adviser is RFC Corporate Finance Ltd, contact Stephen Allen +61 8 9480 2500.
Related Shares:
ALD.L