EQ Resources (ASX:EQR) has requested a trading halt on its shares in the Australian Securities Exchange. The halt is intended to allow the company time to prepare and release a significant announcement related to a capital raise. This trading halt will last until the start of normal trading on Wednesday, 11 December 2024, or until the announcement is made.
EQ Resources Limited has announced a trading halt on its shares to prepare for a significant capital raise announcement. This decision ensures compliance with ASX Listing Rule 17.1, which helps companies manage their disclosure obligations. The halt will be in effect until 11 December 2024 or until the announcement is made, whichever is sooner. The capital raise is anticipated to support the company's operations or growth strategies. EQ Resources is taking strategic steps to secure additional funding, indicating a focus on future growth and development.
The trading halt has been requested to facilitate the preparation and release of a market announcement regarding a capital raise.