Great Divide Mining announces voluntary suspension

Great Divide Mining (ASX:GDM) has announced a voluntary suspension of its securities from the Australian Stock Exchange starting October 28, 2024. This step is in preparation for a potential significant transaction announcement. The suspension is expected to last until November 4, 2024, aligning with ASX Listing Rule 17.2.

Overview of GDM's strategic suspension

Great Divide Mining (ASX:GDM) has entered into a voluntary suspension of its securities to prepare for an upcoming announcement about a potential material transaction. The suspension, which began on October 28, 2024, follows ASX Listing Rule 17.2, and the company plans to update the market by November 4, 2024. Authorized by Company Secretary Craig McPherson, the announcement suggests the company is strategically managing potentially market-sensitive information to prevent undue volatility. GDM has expressed confidence in the suspension process, indicating no known objections or need for further market information at this stage. The forthcoming announcement is anticipated to provide clarity on the potential transaction's impact on GDM's market standing.

Executive insights on voluntary suspension

The company is not aware of any reasons against granting the voluntary suspension and believes no additional information is necessary for the market regarding the suspension.