Arcadia Minerals Limited (ASX: $AM7) has requested a trading halt for its securities pending an announcement related to a capital raising and rights issue. The trading halt is expected to commence pre-market open on Wednesday, 1 May 2024, and is anticipated to remain in place until the earlier of the commencement of trading on Friday, 3 May 2024, or the release of the announcement.
The trading halt request by Arcadia Minerals Limited (ASX: $AM7) is in line with the company's plans for a capital raising and rights issue. The company aims to provide the market with necessary information through this announcement, and the trading halt is a standard procedure in such cases.
Arcadia Minerals Limited (ASX: $AM7) has requested a trading halt in preparation for an upcoming announcement regarding a capital raising and rights issue. The trading halt is expected to be in place until the announcement is released on 3 May 2024. This move aligns with the company's strategy to keep the market informed about its capital-related activities and reflects its commitment to transparent communication with investors and stakeholders.