Kingston Resources (ASX: $KSN) Trading Halt Request

Kingston Resources Limited (ASX: $KSN) has requested an immediate trading halt from the Australian Securities Exchange (ASX) for the pending release of an announcement regarding a capital raise. The trading halt is expected to be effective immediately and remain in place until the earlier of the commencement of normal trading on Tuesday, 2 April 2024, or the release of the announcement by the Company. The capital raising is deemed material to the Company.

Executive Commentary

The company has requested a trading halt as it prepares to release an announcement regarding a capital raise. This decision reflects the significance of the upcoming capital raising activity for Kingston Resources Limited. The trading halt will allow the market to digest the information and ensure a fair and orderly trading environment once the announcement is made.

Summary

Kingston Resources Limited (ASX: $KSN) has requested a trading halt from the ASX in anticipation of releasing an announcement related to a capital raise, which the company deems as material. The trading halt is expected to be in place until the earlier of the commencement of normal trading on Tuesday, 2 April 2024, or the release of the announcement by the Company. This decision aims to facilitate a fair and orderly market reaction to the upcoming capital raising activity.