Red Mountain Mining Limited (ASX: $RMX) has requested a trading halt from the commencement of trading on Wednesday, 20 March 2024, to consider, plan, and execute a capital raising. The company anticipates the trading halt to last until the commencement of trading on Friday, 22 March 2024, or earlier if the announcement is made.
The Company has requested the trading halt in accordance with ASX Listing Rule 17.1 to facilitate the process of considering, planning, and executing a capital raising. The Board is not aware of any reason why the trading halt should not be granted and is committed to informing the market about the trading halt.
Red Mountain Mining Limited (ASX: $RMX) has requested a trading halt to prepare for a capital raising announcement. The company aims to utilize this time to carefully consider and plan the capital raising, demonstrating its commitment to informing the market about the trading halt. The trading halt is expected to last until the commencement of trading on Friday, 22 March 2024, or earlier if the announcement is made.