Elementos Limited requests trading halt

Elementos Limited (ASX: $ELT) has requested a trading halt from ASX pending the release of an announcement. The purpose of the trading halt is to consider and execute a proposed capital raising. The halt will remain in place until the earlier of the announcement to the market in relation to the capital raising or the commencement of trading on 1 August 2024.

Request for trading halt explained

Elementos Limited has requested a trading halt from ASX to consider and execute a proposed capital raising. The company expects the trading halt to be lifted upon making an announcement to the market regarding the capital raising. Elementos is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

Summary of trading halt request

Elementos Limited (ASX: $ELT) has requested a trading halt from ASX to consider and execute a proposed capital raising. The company anticipates the trading halt to be lifted upon the announcement to the market regarding the capital raising. This move indicates Elementos' strategic decision to explore capital raising as part of its corporate strategy. The company aims to provide further details upon the lifting of the trading halt, offering investors and stakeholders insights into its future plans and financial activities.