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Challenger Gold (ASX: $CEL) requests trading halt for strategic investor placement

Challenger Gold's Trading Halt Request


Challenger Gold Limited (ASX: $CEL) has requested a trading halt for its securities pending the release of a material announcement related to a placement to a strategic investor. The trading halt is expected to remain in place until the announcement is made to the market, which is anticipated to occur on or before the opening of trading on Wednesday, 3 April 2024.

Executive Commentary on Trading Halt Request


The Directors of Challenger Gold Limited have requested the trading halt in anticipation of a material announcement regarding a placement to a strategic investor. The Company Secretary, Scott Funston, confirmed that the trading halt is sought until the announcement is made to the market, which is expected to occur on or before the opening of trading on Wednesday, 3 April 2024. The company is not aware of any reason why the trading halt should not be granted.

Summary of Trading Halt Request


Challenger Gold Limited (ASX: $CEL) has requested a trading halt for its securities in anticipation of a material announcement related to a placement to a strategic investor. The trading halt is expected to be in place until the announcement is made to the market, which is anticipated to occur on or before the opening of trading on Wednesday, 3 April 2024. The company's decision to request the trading halt reflects its commitment to ensuring that the market is informed of this significant development in a timely and orderly manner.

CHALLENGER GOLD LIMITED
CEL | ASX | Materials
0.0560.002(+3.7%)
At close 05/07 (AEDT)
Market cap
$75.2M
Volume
1,018,165
DY Yield
0
PE Ratio
1.19
52 Week Range
0.053 - 0.115
1YR Return
-44%

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