Cobre Limited (ASX:CBE) has initiated a trading halt on the ASX with immediate effect. This decision is in anticipation of a significant upcoming announcement about a capital raising. The halt will remain until the announcement is made or until normal trading resumes on November 1, 2024.
Cobre Limited has requested a trading halt on the ASX as it prepares to announce a significant capital raising initiative. The halt began on October 30, 2024, and will continue until the announcement is made or until normal trading on November 1, 2024. This measure aims to keep the market fully informed. The authorization for this action was given by Executive Chairman Martin C Holland, emphasizing the importance of the forthcoming announcement in line with their strategic goals.
The request for the trading halt was authorized by Martin C Holland, the Executive Chairman of Cobre Limited.