Tesoro Gold's trading halt request

Tesoro Gold Limited (ASX: $TSO) has requested a trading halt from ASX in relation to its ordinary shares. The halt is pending an announcement on a proposed capital raising by the company. The trading halt is expected to remain in place until the earlier of the announcement release or the commencement of trading on Thursday, 18 July 2024.

Company's trading halt rationale

The trading halt has been requested by Tesoro Gold Limited to facilitate the forthcoming announcement regarding a proposed capital raising. The company aims to provide a fair and orderly market for its investors during this period. The duration of the trading halt is in line with regulatory requirements and is intended to ensure that all investors have equal access to the information once it is released.

Summary of Tesoro Gold's trading halt request

Tesoro Gold Limited has requested a trading halt from ASX as it prepares to make an announcement regarding a proposed capital raising. The halt is expected to be lifted upon the release of the announcement or at the commencement of trading on Thursday, 18 July 2024. The company's decision to request the trading halt demonstrates its commitment to providing a fair and transparent market for all investors.