RE:More assays coming? Nope, not assays.
Xanadu Mines Ltd - Request for Trading Halt Pursuant to ASX Listing Rule 17.1, Xanadu Mines Ltd (ASX Code: XAM) (Xanadu or the Company) requests an immediate trading halt be granted by ASX in respect of Xanadu’s ordinary shares from commencement of trading on Wednesday, 21 April 2021. In accordance with ASX Listing Rule 17.1, Xanadu provides the following information:
(a) Reason for trading halt: the trading halt is requested in order to undertake a proposed capital raising.
(b) Duration of the trading halt: Xanadu requests that the trading halt continue until the earlier of such time as the Company makes an announcement to the market in relation to the outcome of the capital raising (Announcement) or the commencement of trading on Friday, 23 April 2021.
(c) Termination of the trading halt: Xanadu anticipates that the trading halt will cease upon it making the Announcement to the market.
(d) No reason: Xanadu is not aware of any reason why the trading halt should not be granted by ASX.
(e) Further information: Xanadu is not aware of any further information which needs to be disclosed to the market at the time of seeking the trading halt.