Galilee Energy Limited (ASX: $GLL) has requested a trading halt for its fully paid ordinary shares on Tuesday, 13 August 2024. The halt is sought for the purpose of considering and executing a proposed capital raising and corporate transaction. The company expects the trading halt to remain in place until the earlier of making an announcement to the market regarding the proposed capital raising and corporate transaction or the commencement of trading on Thursday, 15 August 2024.
The trading halt has been requested to facilitate the consideration and execution of a proposed capital raising and corporate transaction. The company aims to ensure that the market is informed about these potential developments. We expect to provide further details upon the conclusion of the trading halt.
Galilee Energy Limited (ASX: $GLL) has requested a trading halt to evaluate and potentially proceed with a capital raising and corporate transaction. The company anticipates providing more information to the market once the trading halt concludes. This move reflects the company's strategic efforts to explore potential financial opportunities and enhance its corporate position. Investors and stakeholders should await the forthcoming announcement for a clearer understanding of the company's direction and objectives.