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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hunter Res. | LSE:HUN | London | Ordinary Share | IM00BMNQNZ42 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.185 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMHUN
RNS Number : 2049D
Hunter Resources PLC
05 July 2016
5 July 2016
Hunter Resources plc
("Hunter" or the "Company")
(AIM: HUN)
Update on Suspension
Further to the Company's announcement of 30 June 2016 (the "Announcement"), the board of directors of the Company (the "Board") confirms that as a result of the Arbitration not having been successfully concluded by 4 July 2016, trading in the Company's Ordinary Shares on AIM have been suspended with effect from 07.30 today, 5 July 2016.
Trading in the Ordinary Shares on AIM will remain suspended until the Vendor transfers title of the tenements at Pampamali to HOLDCO and Gold Hunter SAC holds a 51% interest in HOLDCO (together the "Conditions") or another transaction is completed (which would require the Company to publish an admission document). In the event that neither of these are concluded within six months of suspension then the admission to trading on AIM of the Ordinary Shares will be cancelled.
The Board is disappointed that, despite the extensive negotiations with the Vendor which are continuing, it has not yet been possible to reach a mutually acceptable agreement, notwithstanding the Company's best efforts. The Company believes that the Vendor has been unreasonably delaying the transfer of the tenements at Pampamali to HOLDCO for its own benefit.
(All definitions are as per the Announcement unless otherwise specified)
For further information, please contact:
Hot Features
Premium
Hunter Resources PLC Allenby Capital Limited
Simon Hunt (Nominated Adviser and
(Chairman) Broker)
+44 7733 337 755 John Depasquale/Nick Harriss/Nick
www.hunter-resources.com Naylor
+44 20 3328 5656
www.allenbycapital.com
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ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
SRSRIMFTMBJMBMF
(END) Dow Jones Newswires
July 05, 2016 02:45 ET (06:45 GMT)
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