Lefroy Exploration initiates trading halt for capital raising

Lefroy Exploration (ASX:LEX) has requested a trading halt on its securities, effective from 24 October 2024. The halt is in anticipation of an upcoming announcement regarding a capital raising initiative. This measure will remain until normal trading resumes on 28 October 2024 or until the announcement is made, whichever comes first.

Summary of Lefroy Exploration's trading halt for capital raising

Lefroy Exploration (ASX:LEX) has initiated a trading halt on its securities pending a capital raising announcement. This halt underscores the company's proactive approach to complying with ASX regulations and ensuring transparency with its stakeholders. The trading halt will last until 28 October 2024 or until the company releases its anticipated announcement. Lefroy Exploration aims to strengthen its financial position through this capital raising initiative, although specific details have yet to be disclosed. The company provides direct contact information for further inquiries, demonstrating its commitment to open communication with investors and market participants.

Insights from Lefroy Exploration's trading halt announcement

The Company requests that the trading halt remain in place until the earlier of commencement of normal trading on Monday, 28 October 2024, or when the announcement is released to the market. The Company is not aware of any reason why the trading halt should not be granted, or of any other information necessary to inform the market about the trading halt.