Global Oil & Gas (ASX: $GLV) trading halt request

Global Oil & Gas Limited (ASX: $GLV) has requested an immediate trading halt on its securities pending the release of an announcement regarding a capital raising. The trading halt is expected to end on the earlier of the commencement of normal trading on Wednesday 28 February 2024 or when the announcement response referred to above is released to the market. The request was made in accordance with ASX Listing Rule 17.1, and the company stated that it is not aware of any reason why the trading halt should not be granted.

Executive Commentary

The Company is currently in the process of finalizing the details of the capital raising and intends to provide full details to the market as soon as possible. We believe that this capital raising will position the Company for future growth and enable us to pursue our strategic objectives. We appreciate the understanding of our shareholders and the market during this time. We remain committed to transparent and timely communication with our stakeholders.

Summary

Global Oil & Gas Limited (ASX: $GLV) has requested a trading halt pending the release of an announcement regarding a capital raising. The company aims to provide full details to the market as soon as possible and believes that this capital raising will position it for future growth and enable pursuit of strategic objectives. The company expressed appreciation for the understanding of shareholders and the market during this time and reiterated its commitment to transparent and timely communication with stakeholders.