HOMEX - Melbourne ------------------------- Response to ASX price fluctuation query
RESPONSE TO ASX QUERY We refer to your letter dated 27 January 2000 and comment as follows:
1. No. 2. No. 3. No. 4. To the best of the Company's knowledge, information and belief of each of the officers of the Company, the Company is in compliance with the listing rules and, in particular, listing rule 3.1.
If you require additional information please do not hesitate to contact the undersigned on (03) 9639 1533.
J Debrodt COMPANY SECRETARY
ASX QUERY
Australian Stock Exchange Limited ("ASX") has noted that the price of Deepgreen Minerals Corporation NL's ordinary shares has today risen 0.5 cents to 2.5 cents. The volume of shares traded is also unusually high.
We regard timely disclosure of relevant information as of prime importance in the operation of an efficient market. Listing rule 3.1 is a particularly important listing rule. It is part of ASX's continuous disclosure regime and is based on the following principle:
Timely disclosure must be made of information which may affect security values or influence investment decisions, and information in which security holders, investors and ASX have a legitimate interest.
In the absence of any information which explains the price change referred to above, we wish to make the following enquires:
1. Are any matters of importance concerning the company about to be announced to securityholders and/or the market? If so, can an announcement be made immediately?
2. Is the company aware of any information concerning it which, had it been available to the market, might reasonably be regarded as an explanation for recent trading in the securities of the company?
RESPONSE TO ASX QUERY We refer to your letter dated 27 January 2000 and comment as follows:
1. No. 2. No. 3. No. 4. To the best of the Company's knowledge, information and belief of each of the officers of the Company, the Company is in compliance with the listing rules and, in particular, listing rule 3.1.
If you require additional information please do not hesitate to contact the undersigned on (03) 9639 1533.
J Debrodt COMPANY SECRETARY
ASX QUERY
Australian Stock Exchange Limited ("ASX") has noted that the price of Deepgreen Minerals Corporation NL's ordinary shares has today risen 0.5 cents to 2.5 cents. The volume of shares traded is also unusually high.
We regard timely disclosure of relevant information as of prime importance in the operation of an efficient market. Listing rule 3.1 is a particularly important listing rule. It is part of ASX's continuous disclosure regime and is based on the following principle:
Timely disclosure must be made of information which may affect security values or influence investment decisions, and information in which security holders, investors and ASX have a legitimate interest.
In the absence of any information which explains the price change referred to above, we wish to make the following enquires:
1. Are any matters of importance concerning the company about to be announced to securityholders and/or the market? If so, can an announcement be made immediately?
2. Is the company aware of any information concerning it which, had it been available to the market, might reasonably be regarded as an explanation for recent trading in the securities of the company?
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