Tiaro Coal said Maryborough had advised that all subscription monies would be refunded.
The third IPO attempt was pushed back to May 29 while the original IPO date was set for early November last year.
Maryborough Coal was seeking to raise $A2.5 million via the issue of 12.5 million fully paid ordinary shares at 20c per share.
The company, incorporated on August 7 last year, was aiming to acquire a 25% stake in EPC 972 in southeast Queensland from Tiaro Coal subsidiary Tiaro Energy and to prove up a minimum 20 million tonne coal deposit.
EPC 972 covers an area of around 285 square kilometres and the company’s namesake coal project is some 250 kilometres from the Gladstone Port terminal.
No reason was given for the withdrawn Maryborough listing, but it could reflect the difficult equity-raising conditions in the ongoing global financial crisis.
