Tivan Limited (ASX:TVN) Responds to ASX Aware Letter
Tivan Limited confirms compliance with ASX Listing Rules following $7.4 million grant announcement.
Grant Awarded
Tivan Limited (TVN) has confirmed that it was awarded a $7.4 million cash grant for the Speewah Fluorite Project. This grant was issued under the Australian Government’s International Partnerships in Critical Minerals Program. TVN underscored the grant’s importance, stating that such information is indeed material to the pricing and value of its securities.
Trading Halt Confirmation
After becoming aware of the favourable grant decision, TVN requested a trading halt on 5 December 2024 to prevent any trading until the government publicly announced the award. The announcement was made on 6 December 2024.
Disclosure Compliance
In response to the ASX’s inquiries, TVN outlined its compliance with Listing Rules 3.1 and 3.1A. The company confirmed that it did not release any information before the government announcement, as the negotiations were incomplete, and premature disclosure could have jeopardised grant approval.
Executive Statement
Grant Wilson, Executive Chairman of Tivan Limited, stated that the Board approved the responses to ASX inquiries, reaffirming the Company’s commitment to transparency and compliance with all regulatory requirements.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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