April 14 (Reuters) - Evraz Highveld Steel And Vanadium Ltd :
* Suspension of listing and cautionary announcement
* Co does not have adequate funding to meet its obligations for short term
* Commencement of business rescue proceedings by co is expected to have a material impact on price of co's shares
* Believes that implementation of voluntary business rescue will afford business practitioner opportunity to consider continued implementation of turnaround plan and successfully re-establish co
* To appoint Messers Daniel Terblanche and Piers Marsden as joint business rescue practitioners
* Shareholders are hereby advised that agreement between Macrovest and Evraz has lapsed
* Due to uncertainties associated with business rescue proceedings company will not be able to release its results as required today Source text for Eikon: Further company coverage:
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