Statement re. Suspension
12 Junho 2008 - 3:30AM
UK Regulatory
RNS Number : 5283W
Monto Minerals Ltd
12 June 2008
Monto Minerals Limited
Statement re Suspension
and
Resignation of Director
Monto Minerals Limited (the "Company"), an industrial minerals company, announces that it has requested
that trading in its shares on AIM be suspended with immediate effect.
As announced by the Company on 3 March 2008, the ramp up in production at the Company's Goondicum
mine has been slower than expected which has resulted in an increase in the Company's working capital
requirements. The Company has requested a suspension in the trading of its ordinary shares pending the
outcome of discussions aimed at resolving these funding requirements.
The request for suspension has been approved by London Stock Exchange plc and accordingly trading is
now suspended with immediate effect. A further announcement is expected before 7.30 a.m. (BST) on
Monday 16 June 2008.
Trading in the Company's ordinary shares was also halted today on the ASX.
Mark McCauley has today tendered his resignation as a Non-Executive Director of the Company on the
basis of a conflict of interest. Mr McCauley is presently a director of RMM Capital, a Queensland based
private equity firm. RMM Capital has previously arranged funding for the Company by way of a convertible
loan note as announced on 13 April 2007.
Enquiries:
Peter Slaughter, Non-executive Chairman - +61 411 228 206
Richard Brown, Richard Greenfield, Ambrian Partners Limited - +44 (0) 20 7634 4700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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