CAS Crusader Resou.

TIDMCAS

RNS Number : 8873Q

Crusader Resources

22 February 2019

For immediate release

22 February 2019

Crusader Resources Limited

("Company" or "Crusader")

Resignation of Nominated Adviser

The Company's nominated adviser informed the Board today that it had resigned with immediate effect. Trading of the Company's securities on AIM was suspended on 1 October 2018 pending clarification of the Company's financial position ("Suspension"). The Company's ordinary shares now also remain suspended from trading on AIM pursuant to Rule 1 of the AIM Rules for Companies. As previously announced, a special resolution is being proposed at the General Meeting of the Company to be held on 28 February 2019 that the admission of the Company's Shares to trading on AIM be cancelled in accordance with Rule 41 of the AIM Rules. The cancellation, if approved, is expected to take effect on 8 March 2019. In the event that the proposed resolution to approve the cancellation is not approved, the admission of the Company's securities to trading on AIM is expected to be cancelled on the earlier of: (i) 25 March 2019, if the Company fails to appoint a new nominated adviser within one month of this announcement in accordance with Rule 1 of the AIM Rules; or (ii) 2 April 2019 if the Company's shares have not recommenced trading on AIM in accordance with Rule 41 of the AIM Rules (being six months from the Suspension of trading on AIM on 1 October 2018).

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR"). The person who arranged for the release of this announcement on behalf of the Company was Marcus Engelbrecht, Managing Director.

Website

A copy of this announcement is available from the Company's website at www.crusaderresources.com

Enquiries:

 
 Crusader Resources Limited 
 Mr. Andrew Beigel                 Office (Australia): +61 8 9320 
  CFO / Company Secretary           7500 
                                    Email: andrew@crusaderresources.com 
 Camarco (Financial PR)            Tel +44(0)20 3757 4997 / +44(0)20 
  Gordon Poole / Nick Hennis        3781 8330 
  / Monique Perks 
 H&P Advisory (Joint Broker)       Tel: +44 (0) 20 7907 8500 
  Neil Passmore / Andrew Chubb 
  / Ernie Bell 
 Pinnacle Corporate Finance        Tel: +61 8 6141 6306 
  (Corporate Adviser) 
  Andrew Frazer 
 

ENDS

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

APPUURARKOAUUAR

(END) Dow Jones Newswires

February 22, 2019 06:05 ET (11:05 GMT)

Crusader Resou. (LSE:CAS)
Historical Stock Chart
From Nov 2024 to Dec 2024

Crusader Resou. (LSE:CAS)
Historical Stock Chart
From Dec 2023 to Dec 2024