Kinetiko Energy halted with “significant acquisition” announcement pending
The company is well on track to begin commercial production in the near term from the Amersfoort Project in South Africa.
The halt will remain until start of trading on May 7, or an announcement is released to the market.
Kinetiko Energy Ltd (ASX:KKO) has been granted a trading halt by the ASX ahead of the release of an acquisition announcement.
In its application to the ASX halt, Kinetiko said: “The company requests a trading halt immediately, pending the release of an announcement in relation to a significant acquisition.”
Securities will remain halted until the start of normal trading on Friday, May 7, 2021, or until an announcement is released to the market.