Capital Mining Limited: Suspension Update Waiting ASX Decision
01.09.2017 | ABN Newswire
Perth - Capital Mining Ltd. (ASX:CMY) (Capital or the Company) refers to the request for voluntary suspension granted by ASX on 14 August 2017 pending an update on Capital Cannabis Limited (CCL).Capital's market announcement dated 25 August 2017 advised that the Company anticipated the announcement to be made to the market on or before 31 August 2017, to end the period of suspension.
Capital advises that it is still awaiting the ASX's decision on Capital's submission regarding CCL. Consequently, Capital is unable to make the announcement at this stage.
The ongoing delay has now placed a key component of the submission, i.e., a proposed Cannabis investment at risk.
Finally, Capital is currently assessing its options in respect of the submission and has sought legal advice and will update its shareholders as soon as possible in respect of proposed CCL submission.
Capital anticipates the announcement will be made on or before 4 September 2017, which is expected to end the period of suspension.
About Capital Mining Limited:
Capital Mining Ltd. (ASX:CMY) is an active ASX listed junior mineral resources company focused on the acquisition and exploration of key, demand driven commodities. Its project portfolio includes lithium prospective assets in Western Australia and the Republic of Ireland, plus gold and base metals projects in New South Wales.
Contact:
Capital Mining Ltd.
Peter Dykes, Director
T: +61-8-9481-0389
F: +61-8-9463-6103
www.capitalmining.com.au