Resource Wrap: 22 December 2009 – GCL, MCC
December 22, 2009
Both Gloucester Coal Limited (GCL) and Macarthur Coal Limited (MCC) requested their respective shares be placed in trading halt Tuesday morning. Gloucester made the request due to the prospect the company is the subject of a transaction relating to its control, while earlier in the day Macarthur Coal requested its shares be placed in trading halt as it expects to make an announcement in relation to a “material corporate transaction”. Gloucester said it wishes the trading halt to last until it is in a position to make an announcement to the market, which is expected to occur prior to the close of business today. Macarthur requested the trading halt remain until the earlier of commencement of trading on the second trading day after the halt commenced and when it can make an announcement to the market.
Leave a Reply