Whitehaven victim of hoax press release

Whitehaven Coal shares have fallen following a hoax announcement on funding for its Maules Creek project.

The coal miner was the victim of a hoax press release on Monday, claiming to be from the ANZ Bank stating that it had cancelled its $ 1.2 billion loan facility to Whitehaven to fund its Maules Creek project.

The release actually came from anti-coal mining activists.

The company's shares plunged six per cent in response to $ 3.31.

Whitehaven placed its shares in a halt, which has since been lifted.

The ANZ Bank on Monday also confirmed the notice was a fake.

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