Triangle Energy (ASX:TEG) has requested a trading halt on its securities from the ASX. This halt is pending an update related to the Cliff Head Asset Sale and Purchase Agreement. The halt will remain until an announcement is made or until trading resumes on 3 December 2024.
Triangle Energy (ASX:TEG) has initiated a trading halt pending a significant update on the Cliff Head Asset Sale and Purchase Agreement. This procedural step aims to provide time for the forthcoming announcement, expected by 3 December 2024. The company has previously updated this agreement, highlighting its importance. Triangle Energy assures stakeholders that no additional market information is necessary at this time. The outcome of this update could influence the company's stock price and market perception, underlining the significance of the forthcoming announcement.
We are unaware of any reason why the trading halt should not be granted. There is no additional information required to inform the market.