Pure Resources trading halt request details

Pure Resources Limited (ASX: $PR1) has requested a trading halt for its securities on the Australian Stock Exchange (ASX) in accordance with ASX Listing Rule 17.1. The halt is pending an announcement related to a material acquisition and capital raising. The company expects to make the announcement before the commencement of normal trading on Friday, 26 July 2024.

Executive Chairman's statement on trading halt request

The trading halt has been requested to facilitate the company's compliance with its continuous disclosure obligations as we prepare to make a significant announcement regarding a material acquisition and capital raising. We are committed to providing timely and transparent information to the market, and we anticipate releasing the announcement before the commencement of normal trading on Friday, 26 July 2024. We believe this halt is necessary to ensure a fair and informed market.

Summary of Pure Resources trading halt request

Pure Resources Limited (ASX: $PR1) has requested a trading halt in preparation for a forthcoming announcement concerning a material acquisition and capital raising. The company aims to fulfill its continuous disclosure obligations and plans to release the announcement before the commencement of normal trading on Friday, 26 July 2024. The trading halt is a proactive step to ensure transparency and fairness in the market as Pure Resources progresses with its significant corporate activities.