WhiteHawk's strategic trading halt

WhiteHawk (ASX:WHK) has initiated a trading halt on its securities starting 22 November 2024. This move aims to prevent trading on an uninformed basis as the company prepares to announce a proposed capital raising. The halt will last until the announcement is made or until normal trading resumes on 26 November 2024.

WhiteHawk's future outlook and strategy

WhiteHawk Limited has taken a strategic step by halting trading of its securities to ensure market integrity and transparency ahead of a significant announcement regarding capital raising. The halt is slated to end with either the release of the relevant announcement or the resumption of normal trading on 26 November 2024. This move underscores WhiteHawk's commitment to maintaining an orderly market environment and its proactive approach in handling upcoming financial developments. The anticipated capital raising announcement is expected to provide detailed insights into the company's strategic financial planning, aiming to bolster its operations and investor confidence.

Executive commentary on trading halt

The request for the trading halt is made under ASX Listing Rule 17.1. This announcement is authorized for release by Ms. Teresa Roberts, the Executive Chair, on behalf of the Board of Directors.