Coolabah Metals Limited (ASX: $CBH) has requested a trading halt from the ASX effective immediately, pending an announcement regarding a material capital raising. The trading halt is expected to last from receipt of the request until the release of the announcement, no later than the commencement of trading on Tuesday, 9 April 2024.
The Board of Directors of Coolabah Metals Limited has authorized the request for a trading halt from the ASX, indicating that the company is preparing to make a significant announcement related to a material capital raising. The trading halt is a standard procedure to ensure that all investors have equal access to important information before trading resumes.
Coolabah Metals Limited has requested a trading halt from the ASX in anticipation of a material capital raising announcement. The company aims to provide all investors with fair and equal access to the forthcoming announcement, which is expected to have a significant impact on the company's capital structure and future prospects. The trading halt is set to conclude upon the release of the announcement, ensuring transparency and fairness in the market.