Albion Resources (ASX:ALB) has requested a trading halt on its securities. This is in anticipation of an important announcement related to an acquisition and capital raising. The halt will remain until the announcement or until trading resumes on 2 December 2024.
Albion Resources has voluntarily initiated a trading halt ahead of a significant announcement regarding an acquisition and capital raising. The halt is expected to last until the announcement is made or normal trading resumes on 2 December 2024. This move suggests a strategic expansion or investment by the company, aligning with its growth ambitions. Albion Resources has assured stakeholders of the appropriateness of the halt, with no additional market information required at this time.
There is no reason why the trading halt should not be granted, nor is there any additional information required to inform the market about this halt.