Ann: Pause in Trading, page-6

Trading just below cash but looming suspension may put a few off



From qtly

Post distribution, Calima will have ~A$5-6 million cash and a 100% interest in the Paradise Field in British Columbia which generates approximately A$350,000 in free cash flow annually.

As previously advised, on 2nd July 2024 the ASX is likely to:  suspend the Company’s securities from official quotation; and  apply Listing Rule 11.1.3 to any acquisition the Company enters int. In such a case, the Company’s securities will likely remain suspended until the Company has re-complied with Chapters 1 and 2 of the Listing Rules.