West Cobar Metals (ASX:WC1) announced a trading halt on December 6, 2024. The halt is due to an upcoming capital raising announcement. It will last until the announcement is released or trading resumes on December 10, 2024.
West Cobar Metals (ASX:WC1) has initiated a trading halt to prepare for a capital raising announcement. The halt is in compliance with ASX Listing Rule 17.1 and is supported by the company's Board of Directors. It will remain in place until the announcement is made or trading resumes on December 10, 2024. This move indicates the company's intent to secure additional funds, potentially for growth or strategic initiatives. Further details will be unveiled once the trading halt is lifted, potentially impacting the company's financial position and market strategy.
The trading halt is a strategic move to manage the capital raising announcement effectively. We have the full support of the Board of Directors and comply with ASX Listing Rule 17.1.