Tigers Realm Coal Limited (ASX: $TIG) has requested a voluntary suspension of its securities from ASX trading, effective immediately. This request comes in light of the dismissal of declaratory relief proceedings by the Federal Court of Australia. The company is assessing its operations and compliance with Sanction regulations, seeking additional time for evaluation and to outline its future intentions.
The voluntary suspension of Tigers Realm Coal's securities is a prudent step as we navigate the aftermath of the dismissal of declaratory relief proceedings. We are committed to ensuring compliance with regulations while strategizing the way forward. The additional time will allow us to provide a comprehensive announcement that outlines our intentions and operational approach. We appreciate the understanding and support of our stakeholders during this period.
Tigers Realm Coal Limited (ASX: $TIG) has voluntarily suspended its securities from ASX trading following the dismissal of declaratory relief proceedings by the Federal Court of Australia. The company is taking this step to evaluate its operations and ensure compliance with Sanction regulations. The voluntary suspension is expected to last until the earlier of Tuesday, 16 April 2024, or the release of the announcement regarding the company's future intentions. Tigers Realm Coal aims to provide a clear outline of its operational approach and comply with regulatory requirements. The company appreciates the ongoing support of its stakeholders during this evaluation period.