Padbury extends suspension

Miner's shares to remain suspended as it prepares details of $6bn Oakajee funds.

Padbury Mining (PDY) has extended its voluntary trading suspension to April 23, 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 the shareholders’ agreement as to whether they can meet their funding obligations.

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