Kin Mining NL (ASX: $KIN) has requested a trading halt for its ordinary securities listed on the ASX. The halt is pending the release of an update regarding the potential transaction between Kin Mining NL and PNX Metals Limited, as previously announced on 15 February 2024. The trading halt will apply immediately and remain in place until the earlier of KIN making the announcement or the opening of trading on Tuesday, 16 April 2024.
Kin Mining NL has requested a trading halt in accordance with ASX Listing Rule 17.1. The halt is specifically related to the potential transaction with PNX Metals Limited, and the company confirms that it is not aware of any reason why the trading halt should not be granted. The request aims to ensure that the market is informed about the upcoming update regarding the potential transaction.
Kin Mining NL (ASX: $KIN) has taken the proactive step of requesting a trading halt to provide the market with an update on the potential transaction with PNX Metals Limited. This demonstrates the company's commitment to transparent and timely communication with its stakeholders. The trading halt reflects the significance of the upcoming announcement, and investors can anticipate important developments related to the potential transaction. The company's decision to request the trading halt aligns with its dedication to keeping the market informed about key developments, and it underscores the importance of the impending update regarding the potential transaction with PNX Metals Limited.