Black Canyon Limited (ASX:BCA) Requests Trading Halt
Black Canyon Limited (ASX:BCA) has requested a trading halt for its ordinary shares effective immediately from 19 December 2024. This request comes as the company prepares to announce a proposed capital raise.
Details of the Trading Halt
The trading halt will remain in place until the earlier of the commencement of normal trading on 23 December 2024 or until the related announcement is released to the market. According to Black Canyon, there are no known reasons that would prevent the trading halt from being granted.
Company Background
Black Canyon Limited has 70.1 million shares on issue, with 41% held by the top 20 shareholders. The board and management hold 11%, while funds and institutions comprise 15% of the company’s ownership structure.
Jay Stephenson, Company Secretary, manages the trading halt request.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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