Details of Trading Halt Request by Savannah Goldfields (ASX: $SVG)

Savannah Goldfields Limited (ASX: $SVG) has requested a back-to-back trading halt from the Australian Securities Exchange (ASX) pending the announcement of the outcome of the institutional component of the accelerated entitlement offer. The trading halt will remain in place until the company announces the results of the accelerated component for the Entitlement Offer or until the commencement of trading on 28 December 2023.

Executive Commentary on Trading Halt Request

The back-to-back trading halt has been requested by Savannah Goldfields Limited to facilitate the forthcoming announcement regarding the capital raising through a pro rata accelerated non-renounceable entitlement offer. The company is committed to providing timely and transparent information to the market, and this trading halt is a part of that process.

Summary of Savannah Goldfields (ASX: $SVG) Trading Halt Request

Savannah Goldfields Limited (ASX: $SVG) has requested a trading halt from the ASX in anticipation of an announcement related to a capital raising initiative through an accelerated entitlement offer. The company aims to provide clarity and certainty to the market by ensuring that the trading halt remains in place until the results of the accelerated component for the Entitlement Offer are disclosed or until the commencement of trading on 28 December 2023. This move reflects the company's commitment to maintaining transparency and keeping investors informed about significant developments.