ADY 0.00% 0.7¢ admiralty resources nl.

trading halt, page-2

  1. 23,528 Posts.
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    Dear Mr O’Connor,
    We request that a trading halt from quotation of the Company’s listed securities (ADY) pending the
    release of a market announcement. The following information is provided in relation to this trading halt
    pursuant to Listing Rule 7.1..
    - The company has entered into a binding contract to sell its shareholding in Rincon Lithium Limited
    (“Rincon project”) to Charge Resources Pty Ltd. The sale has not yet settled and the purchaser
    has intimated to the company that it may not be in a position to proceed as currently contracted.
    Discussions with the purchaser are continuing;
    - We request the trading halt to be in place till the commencement of trading on Tuesday 18
    November 2008;
    - We expect to release an announcement prior to the lift of the trading halt informing the market of
    the outcome of the discussions;
    - We are not aware of any reasons why the trading halt should not be granted;
    - There is no other information that needs to be provided to support this request.
    Yours faithfully,
    Stephen C. Prior
    Company Secretary
 
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