Basically, listing rules require management to notify shareholders of any material developments as soon as they become aware of that info.
If there's a gap between when management are aware and when the information can be adequately released to the market, a trading halt is requested.
Since trading halts can last a maximum of 2 days, if further time is needed to suitably inform the market, the securities are suspended.
They will be reinstated once the announcement is ready to be made.
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LITHIUM UNIVERSE LIMITED
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Alex Hanly
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