Indiana Resources Limited (AU:IDA) has released an update.
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Indiana Resources Limited (IDA) has requested and been granted a voluntary suspension of its shares from the Australian Securities Exchange as of July 4, 2024, pending an announcement of a settlement with the United Republic of Tanzania concerning arbitration proceedings at the International Centre for Settlement of Investment Disputes. The suspension is set to remain until the earlier of the announcement’s release or the commencement of trading on July 29, 2024. This strategic move aims to manage market speculations and maintain orderliness as the company finalizes its significant legal settlement.
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