Mamba Exploration (ASX:M24) has requested a trading halt effective from 5 December 2024. This pause is in anticipation of a significant announcement regarding a capital raising. The halt will last until the announcement is made or until trading resumes on 9 December 2024.
Mamba Exploration Limited is currently in a trading halt as it prepares to announce a capital raising effort. This decision aligns with ASX Listing Rule 17.1 and has been approved by the company's Board of Directors. The halt ensures the market is orderly and aware before the capital raising details are publicly disclosed. Mamba Exploration is not aware of any issues that might prevent the halt's approval and has provided contact information for further inquiries. The halt will remain until the announcement is made or trading resumes on 9 December 2024. The company's strategic focus appears to be on securing additional funds to support its operations and growth.
The company has confirmed that there are no reasons why the trading halt should not be granted and that the market has been informed appropriately.