Pilot Energy Limited (ASX: $PGY) has requested a voluntary suspension from ASX trading under Listing Rule 17.2. The suspension is to facilitate the execution of a capital raising managed by Whairo Capital Pty Ltd. The company anticipates the suspension to continue until the announcement regarding the capital raising or the commencement of trading on Monday, 17 June 2024.
The Company requests the voluntary suspension to ensure an orderly execution of the capital raising managed by Whairo Capital Pty Ltd. We are committed to providing the market with timely and accurate information regarding the capital raising and look forward to resuming trading following the announcement or on Monday, 17 June 2024.
Pilot Energy Limited (ASX: $PGY) has sought a voluntary suspension from ASX trading to facilitate a capital raising managed by Whairo Capital Pty Ltd. The company aims to ensure an orderly execution of the capital raising and plans to provide timely updates to the market. The voluntary suspension is expected to continue until the announcement regarding the capital raising or the commencement of trading on Monday, 17 June 2024. Investors and stakeholders can anticipate further details upon the conclusion of the suspension period.
Hmm, capital raising during a suspension? Not the most inspiring news for $PGY holders. Hope they use the funds wisely.Â
Good on Pilot Energy for being transparent about the capital raising. Let’s see what kind of deal they secure with Whairo Capital.Â