Provaris Energy Ltd requests voluntary suspension from ASX quotation

Provaris Energy Ltd (ASX: $PV1) has requested a voluntary suspension for its securities on the Australian Securities Exchange (ASX) under Listing Rule 17.2. The suspension is pending the release of an announcement regarding Prodtex AS and the status of the Tank Contract. The Company may also need to extend the Issue Date of its Share Purchase Plan (SPP) due to the pending information.

Company's request for voluntary suspension explained

The Company, Provaris Energy Ltd, has requested a voluntary suspension from ASX quotation as it awaits further information from Prodtex AS regarding the status of the Tank Contract. The suspension is anticipated to remain in place until the Company releases an announcement about the Tank Contract, which is expected within approximately 2 business days. Additionally, the Company may need to extend the Issue Date of its Share Purchase Plan (SPP) to ensure adequate disclosure to the market and confirm any implications for the SPP.

Summary of Provaris Energy's voluntary suspension and outlook

Provaris Energy Ltd (ASX: $PV1) has voluntarily suspended its securities from ASX quotation while awaiting an announcement regarding the status of the Tank Contract with Prodtex AS. The Company may also extend the Issue Date of its Share Purchase Plan (SPP) to accommodate the pending information. The voluntary suspension is expected to be lifted upon the release of the announcement, which is anticipated within approximately 2 business days. Investors and stakeholders should monitor the Company's updates for further developments.