Raiden Resources trading halt announcement

Raiden Resources (ASX:RDN) has requested an immediate trading halt on its securities. This halt is due to pending drilling results from the Andover South Project. The trading halt began on Monday, 25 November 2024, and will last until normal trading resumes on Wednesday, 27 November 2024, or until the announcement is released.

Summary and outlook for Raiden Resources

Raiden Resources (ASX:RDN) has initiated a trading halt due to an awaited announcement regarding drilling results from the Andover South Project. The halt is scheduled to last until the beginning of normal trading on 27 November 2024 or until the company releases the necessary announcement. The decision aligns with ASX Listing Rule 17.1, and Raiden Resources has expressed there is no reason the halt should be refused. The company aims to provide the market with informed and timely updates while maintaining compliance with regulatory standards. The outcome of the drilling results will likely impact the company's future activities and strategic planning related to the Andover South Project.

Executive commentary on trading halt

The request for a trading halt is in accordance with ASX Listing Rule 17.1. Raiden Resources is not aware of any reason why the trading halt should not be granted or any additional information needed to inform the market.