Lotus Resources trading halt request

Lotus Resources Limited (ASX: $LOT) has requested an immediate trading halt for its securities pending an announcement regarding a proposed placement. The trading halt is expected to remain in place until the earlier of the commencement of normal trading on Friday, 23 February 2024, or the release of the announcement to the market. The Company's Company Secretary, Catherine Anderson, has confirmed the request in accordance with Listing Rule 17.1.

Company's request details

The request for a trading halt is in line with the Company's plans for a proposed placement. The Company aims to provide the market with comprehensive information regarding this placement, and the trading halt is a standard procedure to ensure fairness and transparency in the market. Lotus Resources is committed to adhering to the regulations and guidelines set forth by the ASX to maintain the integrity of its securities trading.

Summary of trading halt request

Lotus Resources Limited (ASX: $LOT) has requested a trading halt in anticipation of an upcoming announcement related to a proposed placement. The Company has expressed its commitment to providing the market with necessary information and ensuring compliance with ASX regulations. The trading halt is expected to be lifted upon the release of the announcement, which is anticipated to provide clarity on the proposed placement and its potential impact on the Company's operations and strategic initiatives. Investors and stakeholders await the forthcoming announcement for insights into Lotus Resources' future plans and developments.