Placement ... awaiting further details
LIQUEFIED NATURAL GAS LIMITED (ASX:LNG) – REQUEST FOR TRADING HALT
Pursuance to ASX Listing Rule 17.1, Liquefied Natural Gas Limited (“the Company”) requests a trading halt to be granted immediately pending a material announcement regarding a placement of ordinary shares (“Placement”).
The Company will make the offer available to sophisticated and professional investors via traditional placement to be managed by Foster Stockbroking Pty Ltd.
In support of the request we provide the following information:
- The reason for the trading halt is that a Placement is pending;
- The Company considers the announcement may have a material impact on trading in the
Company’s securities and as such the market should be provided time to receive and
review full details of the Placement;
- The Company proposes to issue an announcement to the ASX providing full details of
the Placement;
- The Company is expecting to end the trading halt by the commencement of trading on
Wednesday 20 May 2015.
- The Company is not aware of any reason why the trading halt should not be granted;
and
- The Company is not aware of any additional information it is required to disclose in
relation to the request for the trading halt.
Please do not hesitate to contact me if you require any additional information. Yours sincerely
