Details of trading halt request by AusQuest Limited

AusQuest Limited (ASX:AQD) has requested a trading halt for the quotation of its securities pending an announcement of a proposed capital raise. The trading halt is expected to last until an announcement is made relating to the proposed capital raise, which will be no later than before the commencement of trading on Monday, 7 October 2024.

Executive commentary on trading halt request

The Company Secretary of AusQuest Limited, Henko Vos, has stated that the trading halt is requested in relation to the proposed capital raise. The company aims to provide necessary information to inform the market about the trading halt and expects the halt to be lifted upon the announcement of the capital raise.

Summary of AusQuest's trading halt request and outlook

AusQuest Limited (ASX:AQD) has requested a trading halt in anticipation of an announcement regarding a proposed capital raise. The company aims to keep the market informed and plans to lift the trading halt upon the release of details about the capital raise. This move indicates AusQuest's strategic decision to potentially raise capital and demonstrates its commitment to transparent communication with the market.