URL 0.00% 13.5¢ universal resources limited

"The reason for the Request for Suspension is due to the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,376 Posts.
    lightbulb Created with Sketch. 3
    "The reason for the Request for Suspension is due to the continuing finalisation of a Capital Raising terms and documentation

    The Suspension shall last for 2 trading days or the announcement of the Capital Raising Package"

    Ok is this a:
    1. Takeover or selling of a significant stake to a significant other e.g. Xstrata. If it is why not announce it right away?
    2. A raising to generate enough "working capital" to tide them over till credit is facilitated
    3. A financing package from a bank to finance the Roseby project. Note that the words "Financing package" have not been used in this announcement.

    Also why are they suspending the shares from quotation rather than just extending the Trading Halt?
 
watchlist Created with Sketch. Add URL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.