Last checked at 2 Nov 2021 07:16
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 2 November 2021
ASX Trading Halt
Berkeley Energia Limited ("Berkeley" or "Company") advises that trading in the shares of the Company have been halted on the Australian Securities Exchange ("ASX") today, 2 November 2021. The halt was requested by the Company pending an announcement. The Company advises that it has received a claim from Singapore Mining Acquisition Co Pte Ltd (a subsidiary of the Oman Investment Authority ("OIA"), formerly the State General Reserve Fund of Oman) in relation to the investment agreement and convertible note entered into in 2017. The claim alleges that the principle amount of US$65 million of the convertible note is immediately payable by the Company due to allegations that the investment agreement and convertible note have been frustrated, repudiated and/or an event of default has occurred.
The Company strongly disputes the allegations and claim made by OIA and is currently seeking legal advice in relation to the matter.
The trading halt on ASX will remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on 4 November 2021.
Trading in the Company's ordinary securities will continue as normal on the London and Spanish exchanges during this period.
For further information please contact:
Robert Behets | Dylan Browne |
Acting Managing Director | CFO and Company Secretary |
+61 8 9322 6322 | |
info@berkeleyenergia.com |