Kaiser Reef Ltd Addresses Compliance Oversights

Kaiser Reef Ltd (AU:KAU) has released an update.

Kaiser Reef Ltd has acknowledged administrative oversights, including not appointing an auditor and failing to lodge a cleansing prospectus, which they are addressing through legal channels. As a result, the company has paused trading until court orders are granted and a capital raising is completed. Investors are advised that the company is working to ensure compliance with the Corporations Act.

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