Ionic Rare Earths (ASX:IXR) has announced a trading halt on its securities. This halt is in place pending a significant announcement concerning a capital raise. The trading halt will last until the market opens on 26 November 2024 or the release of the relevant announcement.
Ionic Rare Earths (ASX:IXR) has placed a halt on trading of its securities as they prepare to announce a capital raise. This action suggests significant corporate activity that may affect the company's strategic direction or financial standing. The trading halt was requested to ensure an orderly market as the company organizes its announcement. Investors and stakeholders are advised to stay informed through the provided contact information for further inquiries.
The trading halt was requested in accordance with ASX Listing Rule 17.1,' stated the company. 'The trading halt ensures the company has time to prepare and release the announcement in an orderly market.