Nexus Minerals trading halt request

Nexus Minerals Limited (ASX:NXM) has requested a trading halt from ASX as it prepares to make an announcement to the market regarding a capital raising targeted at sophisticated and professional investors. The trading halt is expected to remain in place until the announcement is made or until the commencement of normal trading on Friday, 6 September 2024, whichever comes first.

Company's request for trading halt

The Company Secretary of Nexus Minerals Limited, Phillip MacLeod, has requested the trading halt to facilitate the forthcoming announcement of a capital raising initiative aimed at sophisticated and professional investors. The trading halt is intended to ensure that the market is appropriately informed about this significant development.

Nexus Minerals trading halt summary

Nexus Minerals Limited (ASX:NXM) has requested a trading halt in preparation for an upcoming announcement regarding a capital raising initiative targeted at sophisticated and professional investors. The trading halt is expected to be lifted upon the release of the announcement or at the commencement of normal trading on Friday, 6 September 2024. This strategic move indicates the company's proactive approach to strengthening its financial position and signifies its commitment to engaging with strategic investors for potential growth opportunities.