GREATER BENDIGO GOLD MINES LTD TRADING HALT REQUEST Greater Bendigo Gold Mines Limited (ASX:GBM) advises that it requests a trading halt until market opening on Thursday 20 November 2008 while it addresses its options. The financial stress on the group has been tempered over the quarter but not resolved. The board of GBM has various discussions in immediate train to try and resolve its financial issues and will report back on progress tomorrow afternoon. GBM has been attempting to finalise matters in respect of drawing of the capital notes facility from Pacific Capital as previously advised to the market. With current market conditions, the issues facing GBM and the current level of GBM’s share price, Pacific Capital Value Ltd (the Fund) has advised that as much as the Fund would like to commence investment, given present conditions it would not be feasible for the Fund to commence investment at this juncture. Accordingly the board advises that this is not a source of funds at this time. GBM is not aware of any reason why the trading halt should not be granted.
GBM Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
