Matsa Resources trading halt request for capital raising announcement

Matsa Resources Limited (ASX: $MAT) has requested a trading halt in its securities to facilitate an announcement regarding a proposed capital raising. The trading halt will be effective immediately and is expected to remain in place until the earlier of the commencement of normal trading on Monday, 29 April 2024, or the release of the anticipated announcement.

Executive Commentary on Trading Halt Request

The Company has requested the trading halt to ensure that all investors have equal access to information related to the proposed capital raising. We believe that this temporary pause will allow for a fair and orderly market while we prepare to disclose the details of the capital raising. We are committed to keeping our shareholders and the market informed and will provide the necessary information as soon as possible.

Summary of Matsa Resources Trading Halt Request

Matsa Resources Limited has requested a trading halt in its securities as it prepares to make an announcement regarding a proposed capital raising. The company aims to ensure equal access to information for all investors and maintain a fair and orderly market. The trading halt is expected to be lifted upon the release of the anticipated announcement, which is scheduled to take place no later than Monday, 29 April 2024. Matsa Resources remains committed to keeping its shareholders and the market informed about the upcoming capital raising.