Sarama Resources (ASX:SRR) has requested a trading halt on its securities. The halt is due to an upcoming announcement on equity raising. It is expected to last until the start of normal trading on Thursday, 21 November 2024, or until the announcement is released.
Sarama Resources has initiated a trading halt to prepare for an equity raising announcement. The halt, executed in compliance with ASX Listing Rule 17.1, will last until 21 November 2024 or until the announcement is released. This move suggests the company is possibly raising capital, potentially through issuing new shares, to support its strategic initiatives. The company has confirmed that there is no additional information needed to inform the market about this halt, and it is not aware of any reasons why the halt should not be granted. The anticipated announcement is crucial for stakeholders as it will provide insights into the company's financial strategy and future plans.
The trading halt has been requested to facilitate the preparation and release of an announcement related to an equity raising.