Octava Minerals Limited (ASX:OCT) has requested a trading halt on its securities pending the release of an announcement regarding a proposed capital raising. The company expects the trading halt to last until the commencement of trading on 3 October 2024, and an announcement is likely to be made within this timeframe in accordance with ASX Listing Rule 17.1.1.
The company secretary, Mark Pitts, stated, 'Octava Minerals has requested the trading halt in anticipation of releasing an announcement related to a proposed capital raising. We expect to provide further details within the specified timeframe as per ASX Listing Rule 17.1.1.'
Octava Minerals (ASX:OCT) has requested a trading halt in preparation for an announcement regarding a proposed capital raising. The company anticipates the trading halt to conclude upon the commencement of trading on 3 October 2024, with the announcement expected to be made within this timeframe. This request aligns with the company's strategic plans for potential capital raising activities, demonstrating its proactive approach to financial initiatives.