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Microsoft Word - Release ASX 2015-05-18 ASX Request for Trading Halt.doc
18 May 2015
Mr Ben Secrett
Senior Adviser, Listings Compliance (Perth) ASX Compliance Pty Ltd
Level 40 Central Park
152-158 St Georges Terrace
Perth WA 6000
Dear Ben
LIQUEFIED NATURAL GAS LIMITED (ASX:LNG)
- REQUEST FOR TRADING HALT
Liquefied Natural Gas Ltd
10 Ord Street, West Perth Perth 6005 Western Australia Tel: (618) 9366 3700
Fax: (618) 9366 3799
Email: [email protected] Website: www.lnglimited.com.au ABN: 19 101 676 779
Pursuance to ASX Listing Rule 17.1, Liquefied Natural Gas Limited ("the Company") requests a trading halt to be granted immediately pending a material announcement regarding a placement of ordinary shares ("Placement").
The Company will make the offer available to sophisticated and professional investors via traditional placement to be managed by Foster Stockbroking Pty Ltd.
In support of the request we provide the following information:
1. The reason for the trading halt is that a Placement is pending;
2. The Company considers the announcement may have a material impact on trading in the Company's securities and as such the market should be provided time to receive and review full details of the Placement;
3. The Company proposes to issue an announcement to the ASX providing full details of the Placement;
4. The Company is expecting to end the trading halt by the commencement of trading on
Wednesday 20 May 2015.
5. The Company is not aware of any reason why the trading halt should not be granted;
and
6. The Company is not aware of any additional information it is required to disclose in relation to the request for the trading halt.
Please do not hesitate to contact me if you require any additional information. Yours sincerely
David Michael Gardner
Company Secretary
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LNG Ltd.
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DEVELOPMENT STAGE |
CODE : LNG.AX |
ISIN : AU000000LNG0 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
LNG is a producing company based in Australia. LNG develops natural gas in Australia. Its main asset in development is GLASSTONE LNG PROJECT in Australia. LNG is listed in Australia. Its market capitalisation is AU$ 22.1 millions as of today (US$ 17.0 millions, € 14.1 millions). Its stock quote reached its highest recent level on April 24, 2015 at AU$ 5.00, and its lowest recent point on April 24, 2020 at AU$ 0.04. LNG has 512 979 968 shares outstanding. |