SECURITIES EXCHANGE ANNOUNCEMENT & MEDIA RELEASE 2 April 2008 GINDALBIE UPDATE – MELEWAR SHAREHOLDING Gindalbie Metals Limited (ASX: GBG – “Gindalbie”) wishes to provide the market with a further update regarding the shareholding of a substantial shareholder, Melewar Steel Ventures Ltd (Melewar). As previously advised to the market, Melewar has a portion of its shareholding subject to an equity finance contract with Opes Prime Stockbroking, which has had a Receiver-Manager appointed. Melewar’s lawyers, Slater & Gordon, have this morning advised Gindalbie that an injunction has been placed on ANZ and the Receiver – Manager restricting the sale of approximately 32 million shares the subject of dispute with Melewar. The injunction is in place until 4.00pm (EST). - ENDS - For further information: Mr Garret Dixon/Mr Michael Weir Managing Director/Corp Affairs Manager Telephone: (+61-8) 9480-8700 www.gindalbie.com.au
GBG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
