http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2099467&source=RNS
26 February 2009
Suspension in Trading
Albidon Limited (the "Company") wishes to advise that the US$26 million funding package announced on 30 January 2009 is unlikely to proceed and that the Company is at an advanced stage of negotiating an alternative fund raising proposal necessary for the Company to continue as a going concern. The structure and terms of any such transaction are yet to be agreed and the Company is therefore unable to provide further details at present but will do so as soon as such matters are clarified.
Trading in its ordinary shares on the AIM market will be suspended from the commencement of trade today whilst it seeks to agree the fund raising.
Trading in the Company's shares was also halted on the Australian Stock Exchange from the opening of that market tomorrow (27 February 2009).
Trading in the Company's shares is expected to resume on both AIM and ASX on the basis a suitable funding can be agreed and subsequent to the announcement of such a transaction.
Yours faithfully
Len Troncone
Company Secretary
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