Star Minerals (ASX: SMS) has requested a trading halt on its securities. This is in anticipation of a forthcoming announcement regarding a rights issue. The halt will remain until the announcement is made or normal trading resumes on 5 November 2024, whichever comes first.
Star Minerals (ASX: SMS) has announced a trading halt on its securities, pending a significant announcement concerning a rights issue. The halt is in compliance with ASX Listing Rule 17.1 and will last until the announcement is made or until normal trading resumes on 5 November 2024. This move indicates a potential strategic financial development within the company. Star Minerals aims to maintain transparency and adhere to regulatory standards through this process.
We have requested this trading halt as we prepare to announce a rights issue, ensuring compliance with ASX's regulatory requirements.