Power Minerals Limited (ASX: $PNN) has requested a trading halt from ASX for its ordinary shares on 28 June 2024. The trading halt is sought in anticipation of an announcement related to an acquisition. The company has indicated that the trading halt will persist until the earlier of the commencement of normal trading on 2 July 2024 or the release of the announcement to the market.
The company has requested the trading halt in line with ASX Listing Rule 17.1, indicating that it is not aware of any other information necessary to inform the market about the trading halt. Furthermore, Power Minerals has expressed its lack of awareness of any reason why the trading halt should not be granted. The request for the trading halt aligns with the company's intention to provide a transparent and orderly process for the forthcoming announcement.
Power Minerals Limited (ASX: $PNN) has made a formal request to ASX for a trading halt concerning its ordinary shares, citing an impending announcement related to an acquisition. The company has conveyed its commitment to ensuring compliance with ASX regulations and maintaining transparency in its communication with the market. The trading halt is expected to be lifted upon the release of the announcement, which is anticipated to provide stakeholders with crucial information regarding the acquisition.