TMT 0.00% 26.0¢ technology metals australia limited

Ann: Trading Halt, page-2

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  1. 6,609 Posts.
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    Trading halt for capital raising. They have about one quarter's cash on hand, $1M, at the moment. Hopefully raising at a reasonable price.

    Technology Metals Australia Limited (ASX: TMT) (“Technology Metals” or
    the “Company”) requests a trading halt of its securities pursuant to ASX
    Listing Rule 17.1 in connection with a proposed equity raising to be
    conducted by the Company by way of a share placement (Placement).
    The trading halt will allow the Placement to take place in an orderly
    fashion.
    The Company requests that the trading halt be effective immediately and
    remain in place until the earlier of the commencement of normal trading
    on Tuesday 5 December 2017, or the release of an announcement by the
    Company in relation to today’s announcement.
    The Company is not aware of any reason why the trading halt should not
    be granted.
    For, and on behalf of, the Board of the Company,
    Ian Prentice
    Executive Director
    -
 
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Currently unlisted public company.

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