Bellevue Gold Limited (ASX: $BGL) has requested a trading halt for its ordinary shares, pending the release of an announcement regarding a material capital raising. The trading halt will be in place until the earlier of the commencement of normal trading on Monday, 29 July 2024, or when the Company makes the intended announcement. The Company Secretary, Stanton Amber Stanton, stated that the company is not aware of any reason why the trading halt should not be granted.
The trading halt request by Bellevue Gold Limited (ASX: $BGL) is in line with the company's plan to make a material capital raising announcement. The decision to request the trading halt indicates the significance of the upcoming announcement for the company's capital structure and future plans. The Company Secretary, Stanton Amber Stanton, emphasized that the company is fully prepared to provide the necessary information to the market once the trading halt is lifted.
Bellevue Gold Limited (ASX: $BGL) has requested a trading halt in anticipation of a material capital raising announcement. The company aims to keep the trading halt in place until the announcement is made or until the commencement of normal trading on Monday, 29 July 2024. This move reflects the company's commitment to transparently informing the market about significant developments, particularly related to its capital structure and future endeavors. The request aligns with Bellevue Gold's strategic approach to maintaining market integrity and providing timely and accurate information to its stakeholders.