Stavely Minerals trading halt request details

Stavely Minerals Limited (ASX: $SVY) has requested a trading halt from market open on Thursday 6 June 2024. The halt is pending an announcement regarding a capital raising. The company anticipates the trading halt to end on the earlier of the commencement of normal trading on Tuesday 11 June 2024 or when the anticipated announcement is released to the market. Amanda Sparks, Director and Company Secretary, provided the request in accordance with ASX Listing Rule 17.1.

Director and Company Secretary's request details

The Company has requested the trading halt to facilitate the announcement of a capital raising. We are not aware of any reason why the trading halt should not be granted, and there is no other information necessary to inform the market about the trading halt.

Stavely Minerals trading halt summary and outlook

Stavely Minerals Limited (ASX: $SVY) has requested a trading halt in its securities to prepare for an upcoming announcement regarding a capital raising. The company aims to end the trading halt on the earlier of the commencement of normal trading on Tuesday 11 June 2024 or when the anticipated announcement is released to the market. This move indicates the company's strategic decision to raise capital, and it reflects their commitment to informing the market in compliance with ASX Listing Rule 17.1. The outlook for Stavely Minerals will depend on the nature and success of the capital raising, which will be revealed upon the conclusion of the trading halt.