Gindalbie Metals Ltd., an Australian iron ore company, halted its shares from trading pending clarification of an equity finance contract that its largest shareholder Melewar Steel Ventures Ltd. has with Opes Prime Stockbroking Ltd.
``A portion of its shareholding is subject to an equity
finance contract with Opes Prime,'' Perth-based Gindalbie said today in a statement to the Australian Stock Exchange. ``Gindalbie is seeking clarification of Melewar's position.''
Melewar holds a 14.5 percent stake in Gindalbie, which today requested a trading halt until April 2.
resaon for share halt, page-4
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