Cannindah Resources (ASX:CAE) has placed a halt on trading of its securities starting 17 October 2024. This decision is made in anticipation of an important announcement regarding a proposed capital raising. The halt will remain effective until either the announcement is made or trading resumes on 21 October 2024.
Cannindah Resources (ASX:CAE) has initiated a trading halt effective from 17 October 2024, pending an announcement about a proposed capital raising. The halt complies with ASX Listing Rule 17.1 and will last until the announcement is released or until trading resumes on 21 October 2024. The company, through its secretary Garry Gill, has communicated that there is no additional information to disclose at this time. This action indicates that significant financial activities are forthcoming, and stakeholders should stay informed for future updates.
Cannindah Resources Limited has confirmed that they are not aware of any reason for the trading halt not to be granted.