Nordic Nickel Limited (ASX:NNL) has requested a trading halt on the Australian Securities Exchange (ASX) in accordance with ASX Listing Rule 17.1. The halt is pending an announcement related to a proposed capital raising. The company expects to make a material announcement to the market for this purpose. The trading halt will remain in place until the earlier of the commencement of normal trading on Wednesday, 25 September 2024, or when the announcement regarding the purpose is released to the market.
The trading halt has been requested to manage the continuous disclosure obligations of Nordic Nickel Limited as we prepare for a material announcement related to a proposed capital raising. We believe this halt is necessary to ensure that the market is informed in a fair and transparent manner. We are committed to providing further information to the market as soon as possible.
Nordic Nickel Limited (ASX:NNL) has requested a trading halt on the ASX in anticipation of a material announcement regarding a proposed capital raising. The company aims to manage its continuous disclosure obligations and ensure a fair and transparent dissemination of information to the market. The trading halt will be in place until the earlier of the commencement of normal trading on Wednesday, 25 September 2024, or when the announcement regarding the purpose is released to the market. Investors and stakeholders can expect further updates from Nordic Nickel Limited as the situation develops.