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Alkane Resources — Regulatory Filings 2012
Dec 12, 2012
48579_rns_2012-12-12_9dcb3dd1-7821-4325-b6ed-031bccfcc041.pdf
Regulatory Filings
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----- Start of picture text ----- RESOURCES LTDABN 35 000 689 216----- End of picture text -----
13 December 2012
Australian Securities Exchange 2 The Esplanade Perth WA 6000
Attn: Dave Filov
Dear Dave,
Alkane Resources Ltd (ALK) PRICE AND VOLUME QUERY
In response to your letter of 12 December 2012, the Company provides the following answers to your questions:
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The Company is aware of no information concerning it that has not been announced, which, if known, could be an explanation for recent trading in the securities of the Company.
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As explained above, there is no information not in the market place or additional to that contained in recent announcements.
An up to date investor presentation was released before commencement of trading on Monday, 10 December 2012.
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The Company is not aware of any explanation for the price change and increase in volume in the securities of the Company.
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On behalf of the Board, I confirm that the Company is in compliance with the listing rules, and in particular, listing rule 3.1.
Yours faithfully,
for ALKANE RESOURCES LTD
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Karen E V Brown Joint Company Secretary
65 Burswood Road, Burswood WA 6100, AUSTRALIA (PO Box 4384, Victoria Park WA 6979, AUSTRALIA) Telephone: +61 8 9227 5677 Facsimile: 61 8 9227 8178 www.alkane.com.au [email protected]
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ASX Compliance Pty Limited ABN 26 087 780 489 Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000
GPO Box D187 PERTH WA 6840
Telephone 61 8 9224 0000 Facsimile 61 8 9221 2020 www.asx.com.au
13 December 2012
Ms Karen Brown Joint Company Secretary Alkane Resources Limited
By email: [email protected]
Dear Karen
Alkane Resources Limited (the “Company”)
PRICE AND VOLUME QUERY
We have noted a change in the price of the Company’s securities from a closing price of $0.63 on Thursday 6 December 2012 to an intra-day high of $0.73 today, Thursday 13 December 2012. We have also noted an increase in the volume of trading in the securities over this period.
In light of the price and volume change, please respond to each of the following questions.
- Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?
Please note that as recent trading in the Company’s securities could indicate that information has ceased to be confidential, the Company is unable to rely on the exceptions to listing rule 3.1 contained in listing rule 3.1A when answering this question.
- If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made?
Please note, if the answer to question 1 is yes and an announcement cannot be made immediately, you need to contact us to discuss this and you need to consider a trading halt (see below).
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Is there any other explanation that the Company may have for the price change in the securities of the Company?
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Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.
Your response should be sent to me by email to [email protected] or on facsimile number +61 8 9221 2020. It should not be sent to ASX Market Announcements.
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Unless the information is required immediately under listing rule 3.1, a response is requested as soon as possible and, in any event, not later than 1.30 pm (WST) today, Thursday 13 December 2012.
Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a suitable form and separately address each of the questions asked. If you have any queries or concerns, please contact me immediately.
Listing rule 3.1
Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities. The exceptions to this requirement are set out in listing rule 3.1A.
In responding to this letter you should consult listing rule 3.1 and Guidance Note 8 – Continuous Disclosure: listing rule 3.1.
If the information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligation is to disclose the information immediately.
Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by, answering the questions set out in this letter.
Trading halt
If you are unable to respond by the time requested, or if the answer to question 1 is yes and an announcement cannot be made immediately, you should consider a request for a trading halt in the Company’s securities. As set out in listing rule 17.1 and Guidance Note 16 – Trading Halts, we may grant a trading halt at your request. We may require the request to be in writing. We are not required to act on your request. You must tell us each of the following:
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the reasons for the trading halt;
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how long you want the trading halt to last;
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the event you expect to happen that will end the trading halt;
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that you are not aware of any reason why the trading halt should not be granted; and
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any other information necessary to inform the market about the trading halt, or that we ask for.
The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. If a trading halt is requested and granted and you are still unable to reply to this letter before the commencement of trading, suspension from quotation would normally be imposed by us from the commencement of trading if not previously requested by you. The same applies if you have requested a trading halt because you are unable to release information to the market, and are still unable to do so before the commencement of trading.
If you have any queries regarding any of the above, please do not hesitate to contact me.
Yours sincerely
[sent electronically without signature]
Dave Filov Adviser, Listings Compliance (Perth)
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