Overview of Sarytogan Graphite's trading halt request

Sarytogan Graphite Limited (ASX: $SGA) has requested a trading halt from ASX for its securities. The halt is pending the release of an announcement concerning a capital raising. The company has requested that the trading halt remains in place until the earlier of the announcement release or the commencement of trading on Monday, 12 August 2024.

Company's request for trading halt and upcoming announcement

The Company, Sarytogan Graphite Limited, has requested a trading halt from ASX in anticipation of an upcoming announcement related to a capital raising. The halt is expected to be lifted upon the release of the announcement or at the commencement of trading on Monday, 12 August 2024. The Company Secretary, Ian Hobson, stated that the trading halt is necessary to facilitate the orderly release of information to the market.

Summary of Sarytogan Graphite's trading halt and future plans

Sarytogan Graphite Limited has requested a trading halt from ASX as it prepares to make an announcement regarding a capital raising. The halt is intended to ensure that the market is informed in an orderly manner. The Company aims to provide further details upon the lifting of the trading halt, and investors are advised to stay updated for the upcoming announcement. This move reflects the Company's strategic efforts to strengthen its financial position and support its future initiatives.