Details of trading halt request by Industrial Minerals Ltd

Industrial Minerals Ltd (ASX: $IND) has requested a voluntary trading halt on its securities pending the release of an announcement regarding a proposed capital raising. The trading halt is expected to be lifted on Wednesday, 31 July 2024, or upon the release of the anticipated announcement to the market. The Company's Company Secretary, Natalie Madden, has stated that there are no known reasons to withhold the trading halt and no further information is currently required to inform the market.

Company's request for trading halt

The Company, Industrial Minerals Ltd, has requested a trading halt in anticipation of an upcoming announcement related to a proposed capital raising. The halt is aimed at ensuring that all investors have equal access to information and to prevent any potential market speculation or volatility. The Company Secretary, Natalie Madden, has confirmed that there are no known reasons to withhold the trading halt and that the Company is fully prepared to release the announcement once the trading halt is lifted.

Summary of trading halt request and outlook

Industrial Minerals Ltd (ASX: $IND) has requested a trading halt in preparation for an announcement regarding a proposed capital raising. The Company aims to ensure fair and equal access to information for all investors and prevent any potential market speculation or volatility. Once the trading halt is lifted, the Company is expected to release the announcement, providing further details on the proposed capital raising. This move reflects the Company's commitment to transparency and fair market practices. Investors and stakeholders are advised to stay updated with the Company's announcements for further developments and insights into its corporate strategy and future plans.