Australian Potash (ASX:APC) has initiated a trading halt on its securities effective immediately. The halt is due to an upcoming announcement concerning a capital raising transaction. It is expected to last until the announcement is made or normal trading resumes on 5 November 2024.
Australian Potash (ASX:APC) has requested a trading halt to prepare for a capital raising announcement. The halt, effective from 1 November 2024, will last until the announcement or the resumption of normal trading on 5 November 2024. This move is part of Australian Potash's strategy to secure necessary funding for its projects. The company has assured compliance with ASX Listing Rule 17.1 and has communicated its request to the ASX. Investors and stakeholders are advised to stay tuned for the forthcoming announcement.
The Company is not aware of any reason why the trading halt request should not be granted.