Trading Halt
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| Stock | Metgasco Ltd (MEL.ASX) |
|---|---|
| Release Time | 7 May 2025, 9:50 a.m. |
| Price Sensitive | Yes |
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Metgasco Ltd Requests Trading Halt for Capital Raising
Key Points
- Metgasco Ltd requests trading halt pending announcement on proposed capital raising
- Trading halt to remain in place until announcement is made, no later than before trading on 9 May 2025
- Company is not aware of any reason why trading halt should not be granted
Full Summary
Metgasco Ltd (ASX: MEL) has requested a trading halt on its securities pending an announcement regarding a proposed capital raising. The trading halt will remain in place until the announcement is made, which will be no later than before the commencement of trading on Friday, 9 May 2025. The company is not aware of any reason why the trading halt should not be granted, and it is not aware of any other information that is necessary to inform the market about the trading halt. This announcement indicates that Metgasco Ltd is planning to raise additional capital, though the details of the capital raising have not yet been disclosed.
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