QX Resources securities face trading halt
QX Resources (ASX:QXR) will halt trading of its securities, effective immediately. The halt was requested by QX Resources pending an upcoming announcement regarding capital raising and a material project acquisition. The trading halt will remain in effect until the earliest of two conditions being met. These are the start of regular trading on August 26, 2025, or the company releasing the pending capital raising and material project acquisition announcement. QX Resources confirmed that there are no known reasons that the trading halt should not be granted. The company also stated that no other information is necessary to inform the market about the trading halt. This trading halt is a temporary measure designed to ensure fair market conditions. The pause allows investors equal access to the information before further trading decisions are made regarding QX Resources securities. The company anticipates releasing its announcement regarding the capital raising and material project acquisition before the resumption of normal trading. Investors are advised to monitor updates from QX Resources and the ASX.
The trading halt will remain in effect until the earliest of two conditions being met. These are the start of regular trading on August 26, 2025, or the company releasing the pending capital raising and material project acquisition announcement.
QX Resources confirmed that there are no known reasons that the trading halt should not be granted. The company also stated that no other information is necessary to inform the market about the trading halt.
This trading halt is a temporary measure designed to ensure fair market conditions. The pause allows investors equal access to the information before further trading decisions are made regarding QX Resources securities.
The company anticipates releasing its announcement regarding the capital raising and material project acquisition before the resumption of normal trading. Investors are advised to monitor updates from QX Resources and the ASX.