Cobre Limited (ASX: $CBE) has requested a trading halt for its securities on the ASX. The halt is in anticipation of an upcoming announcement regarding a material capital raising by the company. The trading halt is expected to remain in place until the release of the announcement or the commencement of trading on Tuesday, 5 March 2024.
Cobre Limited (ASX: $CBE) has requested a trading halt in its securities from the ASX in anticipation of a material capital raising announcement. The halt will be in effect until the announcement is released or trading commences on Tuesday, 5 March 2024. According to Martin C Holland, Executive Chairman of Cobre, 'The Company is not aware of any reason as to why the trading halt should not be granted or any further information required to be disclosed to the market regarding the trading halt.'
Cobre Limited (ASX: $CBE) has requested a trading halt in its securities from the ASX pending the release of an announcement related to a material capital raising. The company's Executive Chairman, Martin C Holland, has expressed confidence in the decision to request the trading halt. Investors and stakeholders await the forthcoming announcement, which is expected to provide insights into Cobre's strategic move and its implications for the company's future endeavors.
Martin Holland seems confident. That gives me confidence too
Trading halt makes sense for a big announcement like this.