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- Centaurus Metals (CTM) places its shares in a mid-week trading halt pending the release of an announcement regarding a capital raising
- The company’s shares will remain in the halt until January 21 or when the announcement is released, whichever occurs first
- On December 30, Centaurus announced its shares had begun trading on the OTCQX market under the ticker code CTTZF
- To be eligible for the OTCQX, companies must meet high financial standards, follow best practice corporate governance and comply with US securities law
- Shares in Centaurus last traded at $1.28 on January 18
Centaurus Metals (CTM) has placed its shares in a mid-week trading halt pending the release of an announcement regarding a capital raise.
The company’s shares will remain in the halt until January 21 or when the announcement is released, whichever occurs first.
Centaurus is yet to disclose how much it intends to raise or what it will use the funds for once received.
On December 30, Centaurus announced its shares had begun trading on the OTCQX market under the ticker code CTTZF.
The OTCQX market is the highest-tier of over-the-counter (OTC) markets, with 110,000 US and global companies trading.
To be eligible for the OTCQX, companies must meet high financial standards, follow best practice corporate governance and comply with US securities law.
The OTC market was created in 2012 for early-stage and developing US and international companies.
It allows shares to be traded directly between investors rather than through a formal exchange such as the ASX or NYSE.
Centaurus’ primary listing will remain with the ASX.
Shares in Centaurus last traded at $1.28 on January 18. The company has a $460.4 million market cap.
