Australian Pacific Coal Limited (ASX:AQC) Suspended from Quotation
Suspension of Quotation
Australian Pacific Coal Limited (ASX: AQC) has suspended its securities from quotation on the ASX effective immediately. The suspension is at the company’s request pending the release of a further announcement. The company requests that the voluntary suspension remain in place until the earlier of the announcement release or Monday, 7 July 2025.
Dartbrook Mine Operations
The announcement will relate to the Dartbrook Mine, jointly owned by Australian Pacific Coal and Tetra Resources. Deloitte SRT Pty Ltd appointed voluntary administrators for several operator entities associated with the mine.
Financial Uncertainty
Vitol Asia Pte Ltd, a secured creditor, has declared events of default under the secured financing facilities, leading to the appointment of Receivers and Managers for the Dartbrook Mine’s secured property. Australian Pacific Coal is currently assessing the financial implications and plans to provide an update to lift the suspension.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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