The difference is in the declaration. CVG notified TH for the below reason, whereas MNE has requested TH for a “ Materialistic operational update “
Convergent Minerals Limited (“Convergent”) [ASX: CVG] hereby requests a voluntary trading suspension of its securities from the Australian Securities Exchange (“ASX”) on the following basis.
Reason for Voluntary Trading Suspension
On 31 August 2015, Convergent sought a trading halt to its securities to complete negotiations in relation to funding the Mt Holland Project in Western Australia. These negotiations will not be finalised before the open of trading on 2 September 2015 and therefore Convergent seeks a voluntary trading suspension.
How long is suspension to last
The Company expects the voluntary trading suspension to end before the open of trading on 7 September 2015.
The event it expects to happen that will end the suspension
The Company expects the voluntary trading suspension to end when negotiations for funding Mt Holland have been completed and the associated documentation has been signed.
That it is not aware of any reason why the company securities should not be suspended
The Company confirms that it is not aware of any reason why the voluntary trading suspension should not be granted.
Any other information
There is no other information necessary to inform the market about the voluntary trading suspension and the ASX has not asked for any other information.
The securities requested to be placed in a voluntary trading suspension are CVG.
MNE Price at posting:
0.1¢ Sentiment: None Disclosure: Held
