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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TMT Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held