Geopacific Resources (ASX:GPR) has initiated a trading halt on its securities starting December 17, 2024. This decision complies with ASX Listing Rule 17.1 and will remain until either December 19, 2024, or when the company releases an announcement regarding a proposed capital raising.
Geopacific Resources has requested a trading halt in anticipation of a proposed capital raising announcement. The halt aligns with ASX regulations and will last until December 19, 2024, or until the announcement is made. The company confirms there are no impediments to this halt and no further information to disclose. The decision reflects a strategic move to manage the capital raising process efficiently. Stakeholders are advised to stay informed through the company's official channels for updates.
The trading halt is requested due to a forthcoming announcement related to a proposed capital raising. Geopacific Resources Ltd is unaware of any reasons that could prevent the trading halt from being granted. The company has no additional information that needs to be disclosed to the market regarding the halt.