Castle Minerals (ASX:CDT) has requested a trading halt on its securities, effective immediately. This is due to an important announcement concerning a proposed material transaction. The halt will last until normal trading resumes on Tuesday, 5 November 2024, or until the announcement is released.
Castle Minerals has initiated a trading halt in line with ASX Listing Rule 17.1, due to a forthcoming announcement about a strategic capital investment. The halt will remain until 5 November 2024 or until the announcement is made. The company aims to ensure the market is well-informed and is currently not aware of any impediments to the halt. This move suggests a potentially impactful transaction that may influence the company's future operations and financial stance.
The trading halt is requested pending the release of an announcement regarding a proposed strategic capital investment in the company. The company is unaware of any reasons why the halt should not be granted or any additional information needed to inform the market about the halt.