OZ updates position

OZ Minerals is working hard to resolve its current financial problems and resume trading as soon as possible, chairman Barry Cusack said today.

OZ Minerals is working hard to resolve its current financial problems and resume trading as soon as possible, chairman Barry Cusack said today.

“We appreciate fully the difficulties caused by the suspension of OZ Minerals’ shares, and the company is working to address these issues,” he said.

OZ plans to make a further announcement on its financial position in the near future, but warns various conditions have to be met before this can take place.

“As explained in the release of 4 December, the company is examining expressions of interest for a number of its assets,” Cusack said.

“OZ Minerals has resolved to expedite all avenues available to address its short term liquidity position.

“We will consider approaches in respect of the acquisition of interests, including controlling interests, in any of its assets, or approaches from parties wishing to acquire some or all of the Company’s shares.

“We are also examining all options available for the issuance of new equity.”

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