Dear Sir,
EXTENSION OF SUSPENSION – PLUTON RESOURCES LIMITED (PLV)
In accordance with ASX Listing Rule 17.2, Pluton Resources Limited (“Pluton’ or “the Company”) requests an extension of suspension of trading in securities of the Company.
Further to the announcement of Friday 15 March 2013, the Company has been unable to finalise and therefore lodge its December 2012 Half Year report for the following reasons:
? Restructuring of the Joint Venture Agreement in relation to the Cockatoo Island Project:
The company is still working to finalise the outstanding issues referred to previously. These issues will need to be resolved before the Half Year report can be signed.
? Funding Agreement:
The funding agreement remains subject to completion of documentation with numerous parties. The Company is endeavouring to finalise the funding agreement, however the documentation is complex and there are factors, outside the control of the Company, which are delaying completion of the documentation. Once this is completed, the Company’s auditors will need to review all of the contracts linked to the funding agreement to determine if they have a material impact on the Company’s accounts.
The Company is not aware of any reason why the suspension should not be granted, nor of any other information necessary to inform the market about the suspension.
Therefore the Company requests that suspension of trading in the Company’s securities remain in place until the earlier of Tuesday 2 April 2013, or such time as an announcement to the market is made.
The Company would also like to advise that mining is continuing and is preparing to load its fourth ship for delivery of ore.
Yours faithfully,
Graeme Smith
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