Siren Gold (ASX:SNG) has announced a trading halt on its securities, effective from 28 October 2024. This halt is scheduled to last until either the start of normal trading on 30 October 2024 or the release of a forthcoming announcement. The trading halt is to facilitate a security holders' meeting focused on a significant transaction involving the sale of shares in Reefton Resources Pty Ltd.
Siren Gold (ASX:SNG) has requested a trading halt from the Australian Securities Exchange to coincide with a crucial security holders' meeting. The purpose of this meeting is to vote on the proposed sale of the company's shares in Reefton Resources Pty Ltd to Rua Gold Inc. The trading halt is in line with ASX's Guidance Note 12 and is expected to end with the announcement of the meeting's results. This move reflects Siren Gold's strategic decision-making and could potentially impact its future operations and market positioning.
The trading halt allows time for the security holders' meeting to take place, ensuring that investors are informed of the outcome before trading resumes.