Pantoro Limited requests trading halt

Pantoro Limited (ASX: $PNR) has requested a trading halt from the commencement of trading today in accordance with ASX Listing Rule 17.1. The trading halt is requested pending an announcement by Pantoro regarding a capital raising. The halt will remain in place until the earlier of the commencement of trading on Tuesday, 14 May 2024, or when the announcement regarding the capital raising is made.

Company's trading halt request details

Pantoro Limited (ASX: $PNR) has requested a trading halt as it prepares to make an announcement regarding a capital raising. The halt is in line with ASX Listing Rule 17.1 and will provide the market with an opportunity to consider the forthcoming announcement. The Company Secretary, B David Okeby, has confirmed that the company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Summary of Pantoro's trading halt request

Pantoro Limited (ASX: $PNR) has requested a trading halt in preparation for an upcoming announcement concerning a capital raising. The halt will be in place until the earlier of the commencement of trading on Tuesday, 14 May 2024, or when the announcement regarding the capital raising is made. The company has expressed its commitment to keeping the market informed and complying with ASX Listing Rule 17.1. This move indicates Pantoro's strategic decision to raise capital, and the market will be keen to assess the details and implications of this forthcoming announcement.