REG - Sovereign Metals Ltd - ASX Trading Halt

Sovereign MetalsAnnouncement

24/03/2025 07:00

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RNS Number : 8354B  Sovereign Metals Limited  24 March 2025

 

NEWS RELEASE I 24 MARCH 2025

 

ASX TRADING HALT

 

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) (Sovereign or the
Company) advises that today the Company requested an immediate voluntary
trading halt in its shares on the Australian Securities Exchange (ASX),
pending an announcement regarding a proposed capital raising.

The Company has requested that the trading halt remain until the earlier of an
announcement to the market regarding the above or the opening of trade on ASX
on Wednesday, 26 March 2025.

Trading in the Company's ordinary securities will continue to trade as normal
on AIM, a market operated by the London Stock Exchange, during this period.

The full version of the ASX announcement can be found here:

https://api.investi.com.au/api/announcements/svm/465cfa6b-404.pdf
(https://api.investi.com.au/api/announcements/svm/465cfa6b-404.pdf)

 

 Enquiries
 Frank Eagar, Managing Director & CEO

 South Africa / Malawi

 +27 21 140 3190

 Sapan Ghai, CCO

 London

 +44 207 478 3900

 

 Nominated Adviser on AIM and Joint Broker     
 SP Angel Corporate Finance LLP               +44 20 3470 0470
 Ewan Leggat

 Charlie Bouverat
                                               
 Joint Brokers                                 
 Stifel                                       +44 20 7710 7600
 Varun Talwar
 Ashton Clanfield

 Berenberg                                    +44 20 3207 7800
 Matthew Armitt                                
 Jennifer Lee                                  

 Buchanan                                     + 44 20 7466 5000

 

Forward Looking Statement

 

This release may include forward-looking statements, which may be identified
by words such as "expects", "anticipates", "believes", "projects", "plans",
and similar expressions. These forward-looking statements are based on
Sovereign's expectations and beliefs concerning future events. Forward looking
statements are necessarily subject to risks, uncertainties and other factors,
many of which are outside the control of Sovereign, which could cause actual
results to differ materially from such statements. There can be no assurance
that forward-looking statements will prove to be correct. Sovereign makes no
undertaking to subsequently update or revise the forward-looking statements
made in this release, to reflect the circumstances or events after the date of
that release.

 

The information contained within this announcement is deemed by Sovereign to
constitute inside information as stipulated under the Regulation 2014/596/EU
which is part of domestic law pursuant to the Market Abuse (Amendment) (EU
Exit) Regulations (SI 2019/310) ("UK MAR"). By the publication of this
announcement via a Regulatory Information Service, this inside information (as
defined in UK MAR) is now considered to be in the public domain.

 

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