Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) advises that the directors, after giving due consideration to a recent deterioration of global equity markets, have resolved to withdraw resolution 4 – Approval of $30 million share placement, from the Agenda of the Annual General Meeting of shareholders scheduled for 11am (WST) on Tuesday 13 November 2018.
The withdrawal of this item of business does not affect the validity of proxy forms submitted in respect of the remaining resolutions to be put to shareholders at the Annual General Meeting.
The Company has sufficient funds to progress Stage 1 of the construction of its high purity alumina (HPA) project and will continue to move forward with project development.
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