Business
Suspension of trading and proposed acquisition
Suspension of trading and proposed acquisition.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0458W Reabold Resources PLC 20 December 2013 \n \n\nFor immediate release \n20 December 2013\n \n \nREABOLD RESOURCES PLC \n \n\"Reabold Resources\" or the \"Company\"\n \nProposed acquisition and suspension of trading\n \n \n \nReabold Resources was approved as an investing company on 19 December 2012, and was required to have made an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its investing policy by 19 December 2013. The Company can today report that it has identified a proposed acquisition which will constitute a reverse takeover; however given the proposed acquisition has not completed, trading in the Company's shares under AIM Rule 15 are suspended with immediate effect. The Company would hope to be in a position to send to shareholders an admission document in the New Year. Trading in the Company's shares will continue to be suspended up until the time of re-admission of the proposed larger entity.\n \nA further announcement will be made in due course.\n \nIn the event that a reverse takeover is not made or the implementation of the Company's investing policy is not effected within six months of today's date, trading in the Company's shares under AIM Rule 15 will be cancelled. \n \n \n \n \n \n \nFor further information please contact:\nReabold Resources plc\nJeremy Edelman +44 (0) 20 7460 2353\nAntony Samaha\n \nBeaumont Cornish Limited\nRoland Cornish ...