Details of MGU's trading halt request for joint venture agreement announcement

Magnum Mining and Exploration Limited (ASX: $MGU) has requested a trading halt from ASX under Listing Rule 17.1. The trading halt is sought pending the release of an announcement related to a joint venture agreement. The halt is expected to last until the earlier of the announcement or Wednesday, 6th March 2024. The company has stated that it is not aware of any reason why the trading halt should not be granted and has confirmed that there is no other undisclosed information.

Executive Commentary on Trading Halt Request

The company has requested the trading halt in line with the rules of the ASX to facilitate the release of an upcoming announcement regarding a joint venture agreement. This decision aligns with our commitment to transparent and timely communication with our stakeholders. We believe that this trading halt will allow for the orderly dissemination of information and provide all investors with equal access to the announcement once it is made public.

Summary of MGU's Trading Halt Request

Magnum Mining and Exploration Limited (ASX: $MGU) has proactively requested a trading halt from ASX as it prepares to disclose an announcement related to a joint venture agreement. The company aims to adhere to the ASX rules and ensure fair and equitable access to the forthcoming information for all investors. This proactive approach underscores the company's dedication to maintaining transparency and providing timely updates to the market. Once the trading halt is lifted, investors can anticipate the release of significant news regarding MGU's joint venture agreement, which may impact the company's future prospects and market position.