Whale trade in Sandfire Resources (ASX:SFR)
At the request of Sultan Resources (ASX: SLZ), a trading halt has been placed on their securities, effective from the commencement of trading on Tuesday, 14 March 2023.
The trading halt will remain in place until the earlier of the commencement of normal trading on Thursday, 16 March 2023, or when the company releases an announcement.
This trading halt is due to the company considering, planning, and executing a capital raising and material acquisition.
Following the announcement, shares of Sultan Resources (ASX:SLZ) were unchanged at $0.055.