Padbury extends suspension again

Junior miner pushes out announcement relating to $6bn Oakajee funding by another day.

Padbury Mining has again extended its voluntary trading suspension, this time by a day, pending an announcement to the market detailing the source and terms of the $6 billion it claims to have raised to construct a deep water port and rail network at Oakajee.

The company said it is waiting for information from the counterparties to a shareholders’ agreement as to whether they can meet their funding obligations and now expects to make an announcement by the commencement of trade on April 24.

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