Reward Minerals (ASX:RWD) has announced a trading halt on its securities on the ASX. The pause is due to an upcoming announcement regarding a capital raising effort. Trading is expected to resume by 24 October 2024 or upon release of the announcement.
Reward Minerals has requested a trading halt in line with ASX rules due to its forthcoming capital raising announcement. The halt will remain until the announcement is made or until normal trading resumes on 24 October 2024. This move suggests a strategic approach to manage market-sensitive information and possibly indicates upcoming changes in the company's financial strategy. Reward Minerals affirms there is no reason against the halt, showing compliance with regulatory standards. Stakeholders are advised to stay informed through the company's provided contact details.
The company has requested this trading halt in accordance with ASX Listing Rule 17.1 to manage the release of important market-sensitive information. We are unaware of any reason why the halt should not be granted, and no additional information is required by the market regarding this decision.