Prospect Resources Limited (‘PSC’) securities will be placed on a trading halt at the request of PSC, pending it releasing an announcement.
By Shantel Chisango
The securities will remain in a trading halt until the earlier of the commencement of normal trading on Friday, 16 April 2021, or when the announcement is released to the market.
Pursuant to ASX Listing Rule 17.1, Prospect Resources Limited (ASX: PSC) (Company) requests a trading halt of its securities effective immediately.
The trading halt is requested pending the release of an ASX announcement regarding a material capital raise.
On the market, Prospect last traded at 18.5 cents per share on April 13.
Prospect Resources Limited (ASX: PSC, FRA:5E8) is a battery minerals company with a focus on lithium in and around Zimbabwe, with the flagship project being the 70% owned Arcadia Lithium project, located on the outskirts of Harare in Zimbabwe.