CXY cougar energy limited

MARKET RELEASE20 July 2010Cougar Energy LimitedSUSPENSION FROM...

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    MARKET RELEASE
    20 July 2010
    Cougar Energy Limited
    SUSPENSION FROM OFFICIAL QUOTATION
    The securities of Cougar Energy Limited (the Company) will be suspended from
    quotation immediately, at the request of the Company, pending the release of an
    announcement by the Company.
    For further details please refer to the Companys request dated 20 July 2010.
    Security Code: CXY
    James Gerraty
    Manager, Issuers (Melbourne)
    COUGAR ENERGY LIMITED | ABN 75 060 111 784
    Suite 1002, 530 Little Collins Street, Melbourne, Victoria, 3000 Australia.
    Telephone: +61 3 9909 7200 | Facsimile: +61 3 9909 7217
    Website: www.cougarenergy.com.au | Email: [email protected]
    Tuesday,
    20 July 2010
    Mr James Gerraty,
    Manager, Issuers (Melbourne),
    Australian Securities Exchange Limited,
    Level 45, South Tower,
    525 Collins Street,
    Melbourne, Victoria, 3000.
    By email to: [email protected]
    Dear James,
    Voluntary Suspension Request
    Cougar Energy Limited (ASX code: CXY) hereby requests the voluntary suspension of its quoted fully
    paid ordinary shares effective immediately pursuant to listing rule 17.2, pending an announcement
    from the Company regarding the Queensland Government Department of Environment and Resource
    Managements (DERM) decision not to remove its halt on the operation of the Companys Kingaroy
    pilot plant.
    The Board requires further time to assess the implications of this decision as well as its working capital
    requirements and arrangements for works required to be completed by DERM as well as on-going
    operations. The Company hopes to be in a position to make a further announcement to the market in
    relation to its outcome by 3 August 2010.
    The Company is concerned that until the Board has completed consideration of these issues there
    may be uncertainties surrounding the implications for the Companys operations and that the market
    in its securities may therefore not be fully informed.
    The Company is not aware of any reason why the voluntary suspension should not be granted.
    Yours sincerely,
    ______________
    Dr Len Walker,
    Director.
 
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