Galan Lithium's trading halt request for capital raise announcement

Galan Lithium Limited (ASX:GLN) has requested a trading halt as per ASX Listing Rule 17.1, pending the release of an announcement regarding a capital raise. The trading halt will be in place until the commencement of trading on Tuesday, 10 September 2024, or earlier if the announcement is made before that date.

Company's request for trading halt explained

The trading halt has been requested by Galan Lithium Limited to facilitate the release of an upcoming announcement related to a capital raise. The Company Secretary, Mike Robbins, has confirmed that the trading halt is in line with ASX Listing Rule 17.1 and that the company is not aware of any reason why the trading halt should not be granted. The request aims to ensure that all market participants have equal access to the information once it is released.

Summary of Galan Lithium's trading halt request

Galan Lithium Limited (ASX:GLN) has requested a trading halt in preparation for the announcement of a capital raise. The company aims to provide equal and fair access to the market regarding this upcoming development. Investors and stakeholders are advised to await the release of the announcement for further details on the capital raise and its potential impact on the company's corporate strategy and future prospects.