ABADOR GOLD N.L. - ANNOUNCEMENTS MADE TO THE AUSTRALIAN STOCK EXCHANGE ON 29 DECEMBER 1999 AND 30 DECEMBER 1999
29 December 1999
RE: STOCK EXCHANGE ENQUIRY
We submit the following explanations in response to your inquiry today concerning the recent change in the Company’s share price from 16 cents on Friday 24 December 1999 to 22 cents on Wednesday 29 December 1999.
1. There are no matters of importance concerning the Company about to be announced to security holders and/or the market other than the placement of 8,250,000 ordinary fully paid shares at an issue price of 4 cents per share which was completed today, 29 December 1999 under the ASX “15%” rule. This placement was made pursuant to the Company’s notice advised to the market on 20 September 1999.
2. The Company is not 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 other than the Company continues to pursue the business objectives set out in the notice to ASX dated 20 September 1999. These business objectives include the investigation of opportunities outside of gold exploration, including information technology based businesses. To-date, no decisions have been made or agreement reached with any party relating to any activities outside of gold mining activities.
3. Other than the matters referred to in 1 and 2 above, the Company is unable to offer any other explanation for the price change in the securities of the Company.
4. The Company wishes to confirm that is in compliance with the listing rules and, in particular, listing rule 3.1.
Yours faithfully
ABADOR GOLD NL
30 December 1999
RE : REQUEST FOR TRADING HALT
The Company hereby requests an immediate trading halt in the Company’s securities. The purpose is to avoid the establishment of an uninformed market pending the completion of confidential discussions that are being held over the next several days.
A successful outcome to the negotiations referred to above would result in the signing of an agreement, the details of which would be notified to ASX pursuant to listing rule 3.1. The Company believes that these negotiations should be completed on or before Tuesday, 4 January 2000.
The Company is not aware of any reason why the trading halt should not be granted by ASX.
Yours faithfully
ABADOR GOLD NL
29 December 1999
RE: STOCK EXCHANGE ENQUIRY
We submit the following explanations in response to your inquiry today concerning the recent change in the Company’s share price from 16 cents on Friday 24 December 1999 to 22 cents on Wednesday 29 December 1999.
1. There are no matters of importance concerning the Company about to be announced to security holders and/or the market other than the placement of 8,250,000 ordinary fully paid shares at an issue price of 4 cents per share which was completed today, 29 December 1999 under the ASX “15%” rule. This placement was made pursuant to the Company’s notice advised to the market on 20 September 1999.
2. The Company is not 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 other than the Company continues to pursue the business objectives set out in the notice to ASX dated 20 September 1999. These business objectives include the investigation of opportunities outside of gold exploration, including information technology based businesses. To-date, no decisions have been made or agreement reached with any party relating to any activities outside of gold mining activities.
3. Other than the matters referred to in 1 and 2 above, the Company is unable to offer any other explanation for the price change in the securities of the Company.
4. The Company wishes to confirm that is in compliance with the listing rules and, in particular, listing rule 3.1.
Yours faithfully
ABADOR GOLD NL
30 December 1999
RE : REQUEST FOR TRADING HALT
The Company hereby requests an immediate trading halt in the Company’s securities. The purpose is to avoid the establishment of an uninformed market pending the completion of confidential discussions that are being held over the next several days.
A successful outcome to the negotiations referred to above would result in the signing of an agreement, the details of which would be notified to ASX pursuant to listing rule 3.1. The Company believes that these negotiations should be completed on or before Tuesday, 4 January 2000.
The Company is not aware of any reason why the trading halt should not be granted by ASX.
Yours faithfully
ABADOR GOLD NL