Mithril Silver and Gold (ASX:MTH) has announced a trading halt on its securities on the Australian Securities Exchange. This halt is pending an upcoming announcement related to a proposed capital raising. The halt, approved by the company's Board of Directors, will last until the announcement is made or normal trading resumes on October 28, 2024.
Mithril Silver and Gold (ASX:MTH) has requested a trading halt to address a proposed capital raising. This move, compliant with ASX Listing Rule 17.1, is designed to ensure fair trading conditions by preventing trading on incomplete information. The trading halt is set to last until October 28, 2024, or until the release of the relevant announcement. Approved by the Board, this strategy aligns with the company's potential growth plans, debt repayment, or other financial strategies. Mithril Silver and Gold's forthcoming announcement is likely to impact investor sentiment and its market position.
The company is unaware of any reasons or additional information that should be communicated regarding the trading halt.