G3 Exploration trading halted as bond holder issues petition

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G3 Exploration Limited (LON:G3E) has suspended trading in its share following a request for liquidators to be appointed by its principal bondholder.


Nordic Trustees presented the petition in Grand Cayman, with a date for the hearing set for 11 December.


G3 added that its request for suspension is being considered by the FCA though at 2.30pm on Thursday trading in the China-focused gas group’s share had been halted at 20.4p.


In its latest half-year results, bonds and their associated accrued interest amounted to approximately US$117mln.

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