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BRIEF-Wolf Minerals Says Unable To Conclude Talks With Financial Stakeholders

Published 10/10/2018, 11:11 pm
Updated 10/10/2018, 11:20 pm
© Reuters.  BRIEF-Wolf Minerals Says Unable To Conclude Talks With Financial Stakeholders
WLF
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Oct 10 (Reuters) - Wolf Minerals Ltd WLF.AX :

* HAS BEEN UNABLE TO SATISFACTORILY CONCLUDE ITS DISCUSSIONS WITH ITS KEY FINANCIAL STAKEHOLDERS

* NOT IN POSITION TO MEET ITS SHORT TERM WORKING CAPITAL REQUIREMENTS IN ORDER TO CONTINUE OPERATIONS ATITS DRAKELANDS OPEN PIT MINE

* RESOLVED THAT MARTIN JONES AND RYAN EAGLE OF FERRIER HODGSON BE APPOINTED AS VOLUNTARY ADMINISTRATORS OF CO

* COMPANY'S WHOLLY OWNED SUBSIDIARY, WOLF MINERALS (UK) LIMITED, HAS CEASED TRADING EFFECTIVE IMMEDIATELY

* CO'S SHARES REMAIN SUSPENDED FROM TRADING ON ASX

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