Magnum Mining and Exploration (ASX: $MGU) Voluntary Suspension Request

Magnum Mining and Exploration Limited (ASX: $MGU) has requested a voluntary suspension of its securities under ASX Listing Rule 17.2. The suspension is pending the release of an announcement related to MGU's joint venture agreement. The company has requested the voluntary suspension to commence immediately and last until the announcement or Friday 8th March 2024, whichever is earlier. Magnum Mining & Exploration Limited has confirmed that there are no known reasons to withhold the voluntary suspension and that there is no other undisclosed information that should be made available to the market. Luke Martino, the Company Secretary, has confirmed the request in writing.

Executive Commentary

The company has taken the decision to request a voluntary suspension in order to ensure that all shareholders and the market are informed simultaneously about the joint venture agreement. This decision aligns with our commitment to transparency and fairness in the dissemination of material information. We believe that this approach will provide equal access to the announcement and prevent any potential market speculation or misinformation. We appreciate the understanding and support of our shareholders and stakeholders during this period.

Summary

Magnum Mining and Exploration Limited (ASX: $MGU) has requested a voluntary suspension of its securities pending the release of an announcement related to a joint venture agreement. The company aims to ensure fair and simultaneous access to the information for all stakeholders and prevent any potential market speculation or misinformation. The voluntary suspension is in line with the company's commitment to transparency and fairness in the disclosure of material information. The company has confirmed that there are no known reasons to withhold the voluntary suspension and that there is no other undisclosed information that should be made available to the market. The voluntary suspension is expected to last until the announcement or Friday 8th March 2024, whichever is earlier.