16 October 2014
LEGAL PROCEEDINGS
On 14 October 2014, the securities of Cauldron Energy Limited (ASX: CXU) ("Cauldron" or "the Company") were placed in trading halt at the request of the Company, pending an announcement to be made to the market in relation to the outcome of a court hearing scheduled at the Supreme Court of New South Wales.
The Company is pleased to announce that on the afternoon of 15 October 2014, the Supreme Court of New South Wales discharged injunctive ex parte orders obtained by Beijing Joseph Investment Co. Ltd/ Joseph Investment International Co. Ltd (Joseph Investment) and Guangzhou City Guangrong Investment Management Group Co. Limited without notice to Cauldron on Sunday 12 October 2014.
The legal proceedings followed on from a written demand Cauldron made to Joseph Investment on 3 October 2014 to pay $1,000,000 for the subscription of shares due to the Company on 2 October 2014 pursuant to a placement agreement dated 6 June
2014.
The legal proceedings are listed for directions on 5 November 2014.
Cauldron Energy Limited believes that the legal proceedings are without merit and will vigorously defend the legal proceedings.
The Company will keep the market informed of further developments in this matter.
Yours faithfully
Cauldron Energy Limited
Tony Sage
Executive Chairman
ABN 22 102 912 783
32 Harrogate Street, West
Leederville WA 6007
PO Box 1385, West
Leederville WA 6901
ASX code: CXU
225,680,527 shares
13,900,000 unlisted options
Board of Directors
Tony Sage
Executive Chairman
Brett Smith
Executive Director
Qiu Derong
Non-executive Director
Anson Huang
Non-executive Director
Catherine Grant
Company Secretary
End.
For further information, visit www.cauldronenergy.com.au or contact:
Simon Youds David Tasker/ Colin Jacoby Cauldron Energy Limited Professional Public Relations Ph: (08) 9380 9555 Ph: (08) 9388 094
32 Harrogate Street, West Leederville WA 6007Ph: (+618) 9380 9555 Fax: (+618) 9380 9666
PO Box 1385, West Leederville WA 6901 Web: www.cauldronenergy.com.au