PNX Metals Limited (ASX: $PNX) has requested a trading halt from the ASX for its securities. The halt is pending an announcement regarding the potential transaction between the Company and Kin Mining NL, as previously announced. The trading halt is expected to remain in place until the earlier of the release of the announcement or the commencement of normal trading on Tuesday, 16 April 2024.
The Company Secretary, Katelyn Adams, stated, 'PNX Metals has requested the trading halt to facilitate the forthcoming announcement related to the potential transaction with Kin Mining NL. We believe this halt is necessary to ensure a fair and orderly market while we finalize the details of the transaction.'
PNX Metals Limited has requested a trading halt from the ASX in anticipation of an upcoming announcement regarding a potential transaction with Kin Mining NL. The halt is aimed at providing a fair and orderly market environment during the finalization of transaction details. Investors and stakeholders are advised to await the forthcoming announcement for further insights into the potential transaction and its implications for PNX Metals' corporate strategy and future outlook.