AI assistant
EV RESOURCES LTD — Regulatory Filings 2008
Jul 8, 2008
64887_rns_2008-07-08_d8d05d76-691f-4574-97bf-bfc17aba8a02.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
RICHFIELD GROUP LIMITED
ABN 66 009 144 503
311-313 HAY STREET SUBIACO, PERTH WA 6008 TELEPHONE (+618) 9381 5819 FACSIMILE (+618) 9388 3701
LISTED ON THE AUSTRALIAN STOCK EXCHANGE
9 July 2008
The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Plaza 2 Esplanade PERTH WA 6000
Dear Sir/Madam,
TRADING HALT REQUEST OF 6[TH] JULY 2008
On 7[th] July 2008 Richfield Group Limited (ASX:RCH) requested a trading halt in its shares pending clarification of the possible effect of the receivership of Primebroker Securities Limited (“Primebroker”) on Richfield Group Limited held under margin lending facilities of Chimaera Capital Limited (“Chimaera”) and Primebroker.
The Company can advise that as at today’s date our share registry records show 50,000,000 ordinary fully paid shares in the name of Chimaera Capital Limited (not “Chimera” as stated in our previous letter). This represents approximately 6% of the total number of fully paid shares on issue.
The Company has taken action to investigate the details of the situation with Chimaera Capital Limited and is endeavouring to determine from the receiver appointed any action concerning these shares and any terms of the security arrangements including the right of sale (if any).
The Company notes in the ANZ Announcement to the ASX dated 8[th] July 2008 (regarding shareholding in various ASX listed entities relating to security lending arrangements with Primebroker Securities Limited), “No event of default with respect to the Chimaera AMSLA has occurred to date. Securities acquired by ANZ pursuant to the Chimaera AMSLA are not presently intended to be subject to any disposal programme and are not identified in the attached schedule.”
The Company has no knowledge of the extent of the margin lending facilities or the terms of any margin lending facility (if any) with shareholders.
The Company does not have any financing facility or arrangements with any entity in the Chimaera Group and is fully funded to undertake its current drilling and exploration programs.
RICHFIELD GROUP LIMITED
ABN 66 009 144 503
311-313 HAY STREET SUBIACO, PERTH WA 6008 TELEPHONE (+618) 9381 5819 FACSIMILE (+618) 9388 3701
LISTED ON THE AUSTRALIAN STOCK EXCHANGE
Sulawesi Molybdenum Project
The Company has a full team and resources mobilised in Sulawesi ready for drilling operations to begin on the Malala Molybdenum project on 1[st] August 2008. The Company has sufficient capital to undertake its current drilling programme and expects to reach all budgeted milestones in the drilling programme.
The Company will shortly be lodging its Notice of General Meeting and complying with all matters relating to Chapters 1 and 2 of the ASX Listing Rules.
Yours sincerely
==> picture [249 x 71] intentionally omitted <==
Luke Martino Company Secretary