Power Minerals Limited (ASX: $PNN) has requested a voluntary suspension of its securities from ASX, pending an application to the Supreme Court of Western Australia. The suspension is sought due to the Company's inadvertent failure to lodge a Cleansing Notice within the prescribed 5-day period after a range of share issues after 4 April 2018. The Company anticipates releasing an announcement regarding the outcome of the Court application on Thursday, 7 March 2024.
The Company Secretary, Pamela Sayers, stated, 'We have requested the voluntary suspension to facilitate our application to the Supreme Court of Western Australia. We are working towards finalizing the necessary documents for the Court application and anticipate the outcome to be announced on Thursday, 7 March 2024.'
Power Minerals Limited (ASX: $PNN) has requested a voluntary suspension from ASX as it seeks to make an application to the Supreme Court of Western Australia regarding an inadvertent failure to lodge a Cleansing Notice within the prescribed period. The Company expects to provide an update on the Court application's outcome on Thursday, 7 March 2024. The voluntary suspension is aimed at ensuring transparency and compliance with regulatory requirements.