Great Southern Mining (ASX:GSN) has announced a trading halt on its securities. The halt is in anticipation of a proposed capital raising announcement. It is set to last until the announcement is made or trading resumes on 28 November 2024.
Great Southern Mining (ASX:GSN) has requested a trading halt as it plans to announce a proposed capital raising. This halt, requested on 26 November 2024, will remain in effect until the announcement or until trading resumes on 28 November 2024. The company assures that there is no reason for the halt to be denied and that no further information is needed for the market. This move indicates GSN's strategic steps towards strengthening its financial position and potentially expanding its operations.
There are no known reasons for the trading halt to be denied or any additional information that needs to be shared with the market regarding this halt.