Red Mountain Mining trading halt request

Red Mountain Mining Limited (ASX: $RMX) has requested a trading halt from the commencement of trading on Thursday, 1 August 2024, until the commencement of trading on Monday, 5 August 2024. The purpose of the trading halt is to consider, plan, and execute a capital raising. The company is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

Executive Commentary

The company has requested the trading halt to facilitate the careful consideration and planning of a capital raising. This decision aligns with our strategic objectives and will provide an opportunity for the company to strengthen its financial position. We are committed to keeping the market informed and will release the announcement at the earliest opportunity.

Summary

Red Mountain Mining Limited (ASX: $RMX) has requested a trading halt to prepare for a capital raising announcement. The company aims to utilize this opportunity to enhance its financial standing in line with its strategic goals. The trading halt is expected to be lifted on Monday, 5 August 2024, or earlier upon the release of the capital raising announcement. This move demonstrates the company's proactive approach to fortifying its position in the market.