5 Nov 2018 07:00
5 November 2018
Crusader Resources Limited
("Company" or "Crusader")
Resignation of Nominated Adviser
Crusader Resources Limited (ASX: CAS, AIM: CAS) ("Crusader" or the "Company"), announces that Smith & Williamson Corporate Finance, the Company's nominated adviser, has resigned with immediate effect. In the event that the Company fails to appoint a new nominated adviser within one month of this announcement the admission of its securities on AIM will be cancelled. The Company will be actively looking for a new nominated adviser.
At the request of the Company, trading of its securities on AIM was suspended on 1 October 2018 pending clarification of its financial position and to enable it to consider various proposed capital raising initiatives to provide working capital and to enable the Company to continue with the development of its two gold projects in Brazil. The Company's ordinary shares now remain suspended from trading on AIM pursuant to Rule 1 of the AIM Rules for Companies.
Further developments with respect to clarification of the Company's financial position, capital raising and appointment of a new nominated adviser will be notified in due course, as appropriate.
For further information, please contact:
Mr. Andrew Beigel | Investor Relations |
CFO/Company Secretary | Office (Aus): +61 8 9320 7500 |
Office (Aus): +61 8 9320 7500 | Email: admin@crusaderresources.com |
Email: andrew@crusaderresources.com | |
Camarco | |
Financial PR | |
Gordon Poole / Nick Hennis / Monique Perks | |
+44(0)20 3757 4997 / +44(0)20 3781 8330 | |
About Crusader
Crusader Resources Limited (ASX:CAS, AIM:CAS) is a minerals exploration and development company listed on the Australian Securities Exchange and the AIM Market of the London Stock Exchange. Its major focus is Brazil; a country Crusader believes is vastly underexplored and which offers high potential for the discovery of world class mineral deposits.