Javelin Minerals (ASX:JAV) has announced a trading halt on its securities starting from 23 October 2024. This halt is to facilitate an announcement regarding a material asset acquisition and a capital raising initiative. The trading halt will last until the announcement is made or normal trading resumes on 25 October 2024.
Javelin Minerals Limited has requested a trading halt in compliance with ASX Listing Rule 17.1 to prepare for a significant announcement. The company is planning to acquire a material asset and initiate a capital raising, actions that are expected to impact the company's future operations and financial position. The trading halt will be lifted once the announcement is made or by the commencement of trading on 25 October 2024. This strategic move aligns with Javelin Minerals' ambition to enhance its asset base and secure additional funding to support its growth objectives. Stakeholders are advised to await further information from the company, as detailed in the upcoming announcement.
The trading halt is requested to facilitate an impending announcement regarding a significant asset acquisition and capital raising.