BMG Resources (ASX:BMG) has announced a trading halt on its securities. This pause is in anticipation of an announcement regarding a capital raising initiative. The halt is expected to remain in place until the announcement is made or normal trading resumes on Tuesday, 5 November 2024. The objective is to maintain orderly market conditions.
BMG Resources has requested a trading halt to prepare for an upcoming capital raising announcement. The halt is expected to ensure orderly trading conditions and will last until the announcement or until normal trading resumes on 5 November 2024. The company aims to provide clarity and transparency to the market, highlighting its proactive approach to capital management. BMG remains committed to its strategic objectives and is preparing for future developments following the anticipated capital raising.
The company has no awareness of any reason why the trading halt should not be granted.