Xstate Resources Limited (ASX: $XST) has requested a trading halt from 27 February 2024 to the commencement of trading on 29 February 2024. The halt is pending an announcement to the market regarding a material asset divestment by the Company. The Company Secretary, Jordan McArthur, confirmed the request in a letter to ASX.
The trading halt has been requested by Xstate Resources Limited in anticipation of a significant announcement related to the divestment of a material asset. The Company Secretary, Jordan McArthur, has stated that the halt is expected to conclude upon the release of the announcement to the market.
Xstate Resources Limited has requested a trading halt in light of an upcoming announcement regarding a material asset divestment. The halt is expected to conclude upon the release of the announcement to the market, which is anticipated to provide crucial information about the Company's divestment plans. This move reflects the Company's commitment to ensuring that the market is informed of significant developments in a timely and orderly manner.