Calidus Resources voluntary suspension request

Calidus Resources Limited (ASX: $CAI) has requested a voluntary suspension of its securities from trading, pending the release of an announcement related to the restructure of the company's debt and hedge book with its financier, as well as a capital raising. The suspension is expected to remain in place until the company makes the announcement to the market, anticipated on or before market open on Wednesday, 20 March 2024.

Executive commentary on voluntary suspension

The company has requested the voluntary suspension to facilitate the forthcoming announcement regarding the restructure of its debt and hedge book with its financier, as well as a capital raising. The directors are not aware of any reason why the voluntary suspension should not be granted.

Summary of voluntary suspension and outlook

Calidus Resources Limited (ASX: $CAI) has taken the step to request a voluntary suspension from trading in anticipation of an upcoming announcement concerning the restructure of its debt and hedge book with its financier, along with a capital raising. The company aims to provide further details to the market on or before Wednesday, 20 March 2024. This move reflects the company's proactive approach to addressing its financial arrangements and signifies its commitment to transparent communication with shareholders and the market. Investors and stakeholders will be keen to receive the forthcoming announcement to gain insights into the company's strategic initiatives and future plans.