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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Crusader Resou. | LSE:CAS | London | Ordinary Share | AU000000CAS1 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCAS
RNS Number : 4314C
Crusader Resources
01 October 2018
1 October 2018
Crusader Resources Limited
("Company" or "Crusader")
Suspension of Trading
Crusader Resources Limited (ASX:CAS, AIM:CAS) announced on 14 September 2018, in its interim results for the six months ended 30 June 2018, that notwithstanding the fact that the Directors were pursuing a number of both debt and equity funding options for the Company which are in various stages of negotiation, should the Directors not be successful in raising sufficient additional funding prior to 30 September 2018, there would be a material uncertainty whether the Group would be able to continue as a going concern.
At the request of the Company, trading of its securities on AIM will be suspended from 7:30 a.m. today pending clarification of its financial position and to enable it to consider various proposed capital raising initiatives to provide working capital and to enable the Company to continue with the development of its two gold projects in Brazil.
The Directors confirm that the Company remains in positive discussions with a number of providers of both debt and equity funding and are considering a number of proposals with regard to asset divestiture. However, no funding or disposal agreement has been concluded as yet.
A further announcement will be made, as appropriate, in due course.
For further information, please contact:
Mr. Paul Stephen Investor Relations Executive Director Office (Aus): +61 8 9320 7500 Office (Aus): +61 8 9320 7500 Email: admin@crusaderresources.com Email: paul@crusaderresources.com Smith & Williamson Corporate Camarco Finance Limited Nominated Adviser Financial PR Azhic Basirov / Katy Birkin Gordon Poole / Nick Hennis / Ben Jeynes / Monique Perks +44(0)20 3757 4997 / +44(0)20 +44(0)207 131 4000 3781 8330 Hannam & Partners Novum Securities Joint Broker Joint Broker Neil Passmore / Andrew Chubb Jon Belliss / Colin Rowbury / Ernie Bell +44 (0)20 7907 8500 +44 (0)20 7399 9425
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCEAXNEDAPPEFF
(END) Dow Jones Newswires
October 01, 2018 02:00 ET (06:00 GMT)
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