Unico Silver (ASX:USL) has requested a trading halt on the Australian Securities Exchange. The halt is to facilitate a proposed capital raising and a material acquisition. This pause in trading will last until the earlier of normal trading on November 6, 2024, or the release of a market announcement.
Unico Silver Limited has initiated a trading halt as part of its strategy to undertake a capital raising and pursue a material acquisition. The halt is intended to ensure orderly trading while these significant corporate actions are finalized. The company has communicated with ASX Compliance and is coordinating with its Board of Directors, reflecting a structured approach to this transition. With the trading halt likely to lift by November 6, 2024, or upon an announcement, Unico Silver is positioning itself for strategic growth through these developments.
The company does not anticipate any issues with the trading halt and has provided all necessary information to inform the market.