Codrus Minerals trading halt request

Codrus Minerals Limited (ASX: $CDR) has requested a trading halt from the ASX pending the release of an announcement regarding a proposed material acquisition and capital raising. The halt will remain in place until the earlier of the commencement of normal trading on Friday, 5 April 2024, or when the announcement is made.

Summary of Codrus Minerals trading halt request

Codrus Minerals Limited (ASX: $CDR) has requested a trading halt from the ASX in anticipation of releasing an announcement related to a proposed material acquisition and capital raising. The company aims to provide the market with essential information regarding this matter. The trading halt is expected to be lifted upon the release of the announcement, which is scheduled to be made no later than the commencement of normal trading on Friday, 5 April 2024. Codrus Minerals' decision to request the trading halt demonstrates its commitment to transparency and compliance with ASX regulations. The market awaits the forthcoming announcement to gain insights into the company's strategic moves and potential impact on its corporate outlook.