according to the Bermuda Stock Exchange.

Responding to a BFCL request, the BSE halted trading of the company's shares Monday, for the second time in two months. Trading was suspended temporarily in mid-November after the company announced restructuring plans.

Monday's move occurred after BFCL, told shareholders on Friday that that an equity and debt financing package to back phase one of the company's development scheme was not yet completed.

As a result, the company's shareholders voted unanimously against a restructuring which would result in the conversion of BFCL's convertible preferred shares to common shares.

BFCL president the Hon. Michael Winfield, told The Royal Gazette on Monday that the move to suspend trading was done to give shareholders a chance to digest the information from Friday's meeting.

BFCL has been able to secure the necessary commitments for its equity underwriting plan and for one half of its debt financing package locally.

The company, which has been given until March 31, 1995 to put the necessary package in place by current lenders, had hoped to secure all the commitments here but will now concentrate on securing the latter half of the debt financing overseas.

In phase one, BFCL is planning an $82 million office building.