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109.15
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Kingston Resources (ASX: $KSN) requests trading halt for pending capital raise announcement

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.

KINGSTON RESOURCES LIMITED
KSN | ASX | Materials
0.0790(+0%)
At close 05/07 (AEDT)
Market cap
$55.9M
Volume
72,577
DY Yield
0
PE Ratio
3.05
52 Week Range
0.063 - 0.093
1YR Return
131.468%

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