Crusader Resources Suspension of Trading (4314C)
01 October 2018 - 4:00PM
UK Regulatory
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
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contact rns@lseg.com or visit www.rns.com.
END
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