Magnetic Resources NL (ASX:MAU) has requested a trading halt in its securities due to a material capital raising. The halt will remain in place until the company releases an announcement or the commencement of trading on Monday, 30 September 2024. The company's Company Secretary, Ben Donovan, stated that there are no known reasons for the trading halt not to be granted and no other information is currently available.
The Company Secretary, Ben Donovan, stated, 'Magnetic Resources NL has requested the trading halt in relation to a material capital raising. We are not aware of any reason why the trading halt should not be granted, and there is no other information available at this time.'
Magnetic Resources NL (ASX:MAU) has requested a trading halt in its securities ahead of a material capital raising announcement. The halt will continue until the company releases the announcement or the commencement of trading on Monday, 30 September 2024. The Company Secretary, Ben Donovan, confirmed that there are no known reasons for the trading halt not to be granted and no additional information is currently available. Investors should await the company's announcement for further details regarding the capital raising.