Calidus Resources reinstated to trading

Calidus Resources Limited (ASX: $CAI) has announced the lifting of the suspension of trading in its securities. This follows the release of an announcement regarding the restructure of CAI's debt and hedge book with its financier and a capital raising.

Executive Commentary

We are pleased to announce the reinstatement of trading in our securities following the completion of the restructure of our debt and hedge book with our financier. This step, along with the capital raising, marks a significant milestone for Calidus Resources. We believe that these actions will provide us with a stronger financial position and support our ongoing operations and growth plans.

Summary

Calidus Resources Limited (ASX: $CAI) has successfully completed the restructure of its debt and hedge book with its financier, leading to the immediate reinstatement of trading in its securities. The company's decision to undertake a capital raising further strengthens its financial position. This development signifies a significant milestone for Calidus Resources, positioning the company for continued operations and growth. The reinstatement to quotation reflects the company's commitment to enhancing its financial stability and pursuing its strategic objectives.