PXG 0.00% 15.0¢ phoenix gold limited

capital raising

  1. 3,351 Posts.
    Announcement was pretty clear...

    The company advises that it:

    a].....
    b] wishes the voluntary suspension to last "UNTIL THE ANNOUNCEMENT IS RELEASED, currently EXPECTED on 1st of July 2011..

    Additionally, The ASX MARKET RELEASE states that;

    "The securities of PXG will be suspended from quotation immediately, at the request of the company, PENDING THE RELEASE OF AN ANNOUNCEMENT in relation to a material capital raising".

    ===========================

    It seems to me that their announcement covers their suspension till they release the news. This is normal...let's not jump to any other conclusions.
 
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