ASX Announcement 21 April 2015
Voluntary Suspension Extension Request
Atlas Iron (ASX: AGO) requests that its securities remain suspended from trading for a further three weeks pending
the outcome of the Company's operational and financial review.
While Atlas is not in breach of its debt covenants, the recent falls in the iron ore price have left the Company with little choice but to gradually suspend production over the month of April (see ASX release dated April 10, 2015).
Recognising the significance of the current iron ore price and its impact on Atlas' business, the Company is in ongoing discussions with its creditors, contractors and a range of other parties as part of its continuing operational and financial review.
The Company will provide a market update in due course.
Atlas Iron +61 8 6228 8000
Ken Brinsden, Managing Director
Media Enquiries:Read Corporate +61 8 9388 1474
Paul Armstrong +61 421 619 084
Atlas Iron Limited
ABN 63 110 396 168
Raine Square, Level 18
300 Murray Street Perth WA 6000
PO Box 7071
Cloisters Square Perth WA 6850
P: +61 8 6228 8000 F: +61 8 6228 8999
E: atlas@atlasiron.com.au
W: www.atlasiron.com.au
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