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THORNEY OPPORTUNITIES LTD Capital/Financing Update 2017

Nov 20, 2017

65940_rns_2017-11-20_b1ef4b8c-a452-4f6a-8767-9182c1323b30.pdf

Capital/Financing Update

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MARKET RELEASE

21 November 2017

Thorney Opportunities Ltd

TRADING HALT

The securities of Thorney Opportunities Ltd (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 23 November 2017 or when the announcement is released to the market.

Security Code: TOP

Cheng Tang SENIOR ADVISER, LISTINGS COMPLIANCE (MELBOURNE)

ASX Compliance Pty Limited ABN 26 087 780 489

20 Bridge Street Sydney NSW 2000

www.asx.com.au Customer service 13 12 79

THORNEY OPPORTUNITIES LTD ACN 080 167 264

21 November 2017

Ms Cheng Tang Adviser, Listings (Melbourne) ASX Limited Rialto Tower 525 Collins Street Melbourne Vic 3000

Dear Cheng

THORNEY OPPORTUNITIES LTD (ASX:TOP) REQUEST FOR TRADING HALT

Pursuant to ASX Listing Rule 17.1, Thorney Opportunities Ltd (TOP) requests a trading halt in respect of its ordinary shares quoted on the ASX with immediate effect.

In accordance with Listing Rule 17.1, TOP advises:

  • a) the reason for the request is to facilitate an orderly market in the Company's securities pending an announcement by the Company regarding a proposed capital raising (Announcement);

  • b) TOP wishes the trading halt to remain in place until the earlier of such time as it makes the Announcement, or the commencement of trading on 23 November 2017; and

  • c) TOP is not aware of any reason why the trading halt should not be granted, or of any information necessary to inform the market or the ASX about the trading halt.

If you have any questions on the above please contact the Craig Smith on + 61 3 9221 7116.

For and on behalf of the Board

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Craig Smith Company Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100