Well, here’s some news from Newcrest that I have just lifted from the ASX web site.
Newcrest Mining Limited (ASX:NCM) (Newcrest) requests that its securities be placed in a
trading halt from the commencement of trading today pursuant to ASX Listing Rule 17.1.
The trading halt is requested pending an announcement by Newcrest in connection with a material acquisition and an equity raising to be undertaken by way of an institutional placement (Placement) and a share purchase plan.
Newcrest requests that the trading halt remain in place until the earlier of:
- (a) an announcement being made about the completion of the Placement; or
- (b) the commencement of trading on 4 May 2020. Newcrest is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.
Please contact me if you require any additional information. Yours sincerely
Francesca Lee Company Secretary