Metal Hawk (ASX:MHK) has implemented a trading halt on its securities. This is in anticipation of a forthcoming announcement concerning a capital raising effort. The trading halt will remain until 14 November 2024 or until the announcement is made, whichever is sooner.
Metal Hawk (ASX:MHK) has requested a trading halt to manage information dissemination related to a proposed capital raising. The halt, compliant with ASX Listing Rule 17.1, ensures fair trading practices by providing equal access to information for all market participants. The trading halt is set to end with the announcement or on 14 November 2024, whichever occurs first. This move indicates the company's strategic approach to securing additional capital and maintaining transparency with the market.
The trading halt is requested to ensure that all market participants have access to the information regarding the capital raising at the same time. This is to prevent any unfair trading conditions. We are in compliance with ASX Listing Rule 17.1.