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On 25 November 2009, Blackcrest Resources Limited issued a prospectus to raise $10-15 million and acquire 100% of Blackcairn Resources (Singapore) Pte Limited, a Singapore-based company that owns Indonesian coal assets. On 16 February 2009, Blackcrest announced that it had withdrawn the prospectus as it was not in a position to complete the proposed capital raising and relist within the allowed time period. All applications for shares under the issued prospectus will be refunded. Discussions are ongoing with retail brokers and institutional investors and a new Prospectus will be lodged in due course. |
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Links Interim Financial Report - December 2009 |
