Coda Minerals trading halt request for capital raising announcement

Coda Minerals Ltd (ASX:COD) has requested a trading halt in accordance with listing rule 17.1, pending the release of an announcement concerning a capital raising through an entitlement offer to eligible shareholders. The trading halt will be effective prior to the market opening on Thursday, 19 September 2024, and is expected to remain in place until the earlier of the commencement of normal trading on Monday, 23 September 2024, or when the announcement is released to the market.

Coda Minerals trading halt request commentary

The Company has requested the trading halt to ensure that all shareholders have equal access to information regarding the upcoming capital raising through the entitlement offer. This decision aligns with the Company's commitment to transparency and fairness in its dealings with shareholders and the market. The Board appreciates the cooperation and understanding of the shareholders and the market participants during this period.

Summary of Coda Minerals trading halt request

Coda Minerals Ltd (ASX:COD) has requested a trading halt in preparation for the announcement of a capital raising through an entitlement offer to eligible shareholders. The trading halt is aimed at ensuring equal access to information for all shareholders and reflects the Company's dedication to transparency and fairness. Shareholders and market participants are expected to await the announcement regarding the capital raising, which is anticipated to be released to the market by Monday, 23 September 2024. This move demonstrates the Company's proactive approach to maintaining market integrity and providing equitable opportunities for its shareholders.