Oar Resources trading halt request details

Oar Resources Limited (ASX: $OAR) has requested a trading halt of its securities pending an announcement related to a capital raising to be managed by CPS Capital Group Pty Ltd. The trading halt will be in place until the commencement of trading on Friday, 5 April 2024, unless the Company releases the announcement before that time. The Company's Company Secretary, Yugi Gouw, provided the request for the trading halt and stated that the Company is not aware of any reason why the trading halt should not be granted.

Executive Commentary on Trading Halt Request

The Company has requested the trading halt to ensure that the market is informed about the upcoming capital raising announcement. We believe that this halt will provide a fair and orderly market for the trading of our securities and allow investors to make informed decisions once the announcement is released.

Summary of Oar Resources Trading Halt Request

Oar Resources Limited (ASX: $OAR) has requested a trading halt in anticipation of an announcement regarding a capital raising to be managed by CPS Capital Group Pty Ltd. The Company aims to ensure that the market is well-informed about the upcoming announcement and to provide a fair and orderly trading environment for its securities. The trading halt is expected to be lifted upon the release of the announcement, allowing investors to consider the information provided before making any trading decisions.