Pursuit Minerals requests trading halt

Pursuit Minerals (ASX:PUR) has announced a trading halt on its securities, effective immediately. This decision, in accordance with ASX Listing Rule 17.1, is to facilitate the preparation and release of an announcement regarding a capital raise. The halt will remain until the announcement is made or trading resumes on 24 October 2024.

Summary and outlook on trading halt

Pursuit Minerals has initiated a trading halt to prepare for an upcoming capital raise announcement. The halt, requested by Company Secretary Vito Interlandi, is expected to be in place until the significant update is disclosed or normal trading resumes on 24 October 2024. This strategic move underscores the company's commitment to ensuring transparent communication with its stakeholders and the market. Pursuit Minerals aims to use this period to finalize details related to the capital raise, highlighting their proactive approach in managing market expectations and regulatory compliance.

Executive commentary on trading halt request

The trading halt is necessary to allow the company time to prepare and release an announcement concerning a capital raise. The company has no reason to believe the halt should not be granted and no further information is required.