(MENAFN- ProactiveInvestors)
() has been granted an ASX trading halt pending outcomes of negotiations with a major client.
The halt will last until the earlier of the announcement being made or the start of trade on Wednesday 10 December 2014.
Earlier this month its client African Minerals Limited (LON:AMI) placed their Tonkolili mine operations on care and maintenance.
AML currently owes ADG Global US$1.5 million with US$1.2 million beyond standard payment terms.
The company noted it was in negotiations to resolve this overdue debt.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.