Metminco trading suspended on ASX after negotiations leaked

Australian company Metminco advised the market on Friday that trading in its shares was halted on the Australian Securities Exchange.

The ASX and AIM-traded firm said the trading halt was requested due to it becoming aware that price sensitive information concerning advanced, but incomplete, negotiations regarding the Los Calatos Partnership Process, may be in the public domain.

“It is expected that the ASX trading halt will end no later than 14 June when the company is anticipating being in a position to advise the outcome of these Los Calatos Partnership Process negotiations,” the board said in a statement.

“The company cautions however that there can be no guarantee that these negotiations will be successfully concluded.”

Metminco confirmed that its shares will continue to trade on AIM throughout the period of the ASX trading halt.