Cohiba Minerals requests trading halt for capital raising

Cohiba Minerals Limited (ASX: $CHK) has requested a trading halt for its ordinary shares and listed options on the Australian Securities Exchange (ASX) in relation to a material capital raising. The trading halt is expected to remain in place until the earlier of the commencement of normal trading on Thursday, 7 December 2023, or when the announcement regarding the capital raising purpose is released to the market.

Executive Commentary

The Company requests the trading halt to manage its continuous disclosure obligations as it prepares to make an announcement to the market regarding a material capital raising purpose. We expect to release the announcement before the commencement of normal trading on Thursday 7 December 2023. We are not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt. - Justin Mouchacca, Company Secretary

Summary

Cohiba Minerals Limited (ASX: $CHK) has requested a trading halt in anticipation of making an announcement to the market regarding a material capital raising purpose. The trading halt is expected to be in place until the announcement is released or the commencement of normal trading on Thursday, 7 December 2023. The Company aims to manage its continuous disclosure obligations and assures that no further information is necessary to inform the market about the trading halt. The announcement is anticipated to provide clarity on the purpose of the capital raising. The market will be keen to observe the developments following the release of the announcement.