Reefton announces that it has requested an immediate voluntary trading halt to trading on the ASX. The trading halt took effect on the ASX on 30 May 2005 pending the release of an update announcement regarding the Company's mineral licences in Namibia (please see the latest announcements regarding this issue made by the Company on 20 and 24 May 2005). The trading halt on ASX will remain in place until the earlier of Wednesday 1 June or when a further announcement can be released to the market.
Under the rules governing the ASX, a company may request a trading halt in its own securities in certain instances.
During this time, new orders may be entered and existing orders may be amended or cancelled. Trades may not take place.
Trading halts benefit both investors and the company involved and ASX encourages companies to request a trading halt whenever the company feels it is appropriate.
A further announcement will be made in due course.
This information is provided by RNS The company news service from the London Stock Exchange