Cape Lambert shares suspended in Sydney pending Pilbara acquisition announcement

May 28, 2008

May 28 (Forbes) – Cape Lambert Iron Ore Ltd. said it has requested an immediate halt to trading of its shares on the Australian Stock Exchange, pending an announcement regarding China Metallurgical Group Corp’s proposed A$400 million acquisition of the company’s Pilbara iron ore project.

The sale, first announced in February, is dependent on a number of conditions, including approval by the Foreign Investment Review Board and the Chinese government.

The AIM-listed company said the trading halt will end June 2 or when the announcement is released to the market.


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