New Age Exploration (ASX:NAE) has requested a trading halt on its securities in anticipation of a significant capital raising announcement. This halt is in line with ASX Listing Rule 17.1 and is expected to remain in place until the announcement is made or normal trading resumes on Wednesday, 23 October 2024.
New Age Exploration has requested a trading halt to manage its continuous disclosure obligations regarding a material capital raising. The company plans to release the relevant announcement before normal trading on 23 October 2024. The halt complies with ASX Listing Rule 17.1 and will help ensure that the market is properly informed. NAE has assured stakeholders that there is no additional information required to be disclosed at this time, and they are confident that this strategic move will support their financial activities. This action reflects NAE's commitment to transparency and adherence to regulatory requirements.
The request was made with the authority of the Board by Mr. Adrien Wing, Director and Joint Company Secretary.