Kingston Resources (ASX: KSN) has requested a trading halt from the ASX. The company plans to make an announcement regarding a capital raise. The halt will last until either the start of normal trading on 10 December 2024 or the release of the capital raising announcement.
Kingston Resources has initiated a trading halt in compliance with ASX Listing Rule 17.1. This halt is set to remain until 10 December 2024 or until they announce details about a capital raise. The move highlights the material importance of the capital raise to Kingston Resources' operations and strategy. The company shows a commitment to ensuring fair information distribution among investors. The halt was formally requested by Company Secretary Vinod Manikandan and communicated to ASX Listings Compliance.
The capital raise is significant to Kingston Resources, and we have no objections to the trading halt being granted.