Australia's largest stock trading and investment forum Australia's #1 stock forum

MNQ

Click for more information

0.00%

0.0¢ minquest limited

Here are my guesses: 1) $3+ million raising fully subscribed -...

First 5 Last

Share
Profile

Follow
Master Burrows

3,538 Posts.

4

14/07/16

11:21

Post #: 18267413
Share

Originally posted by webbj ↑

MinQuest Limited (ASX:MNQ) requests that an immediate voluntary trading halt be granted by the ASX with respect to MinQuest’s securities.

In accordance with ASX Listing Rule 17.1, MinQuest provides the following information:

1. The trading halt is requested by MinQuest pending an announcement in relation to a proposed issue of convertible notes. The conversion terms of the convertible notes will be subject to shareholder aproval.

2. MinQuest requests that the trading halt remain in place until the earlier of an announcement to the market in relation to the above, or the commencement of trading on Monday 18 July 2016.

3. MinQuest is not aware of any reason why the trading halt should not be granted.

Thoughts @Master Burrows?

Expand

Here are my guesses:

1) $3+ million raising fully subscribed - price to be determined on VWAP

2) Trading halt implemented to stop share price going up too quickly to maximise benefits for those participating in the $3+ million

MNQ Price at posting: 1.4¢ Sentiment: None Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

LDX

Lumos gains US govt support for study on FebriDx bacterial infection test

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ETM

Energy Transition Mins' frustrated as mammoth lawsuit against Greenland inches forward; shares dip -12%

There are more pages in this discussion • 9 more messages in this thread...

First 5 Last

Add MNQ (ASX) to my watchlist