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(Correcting that not all shares in Chesterfield Resources were cancelled)
LONDON (Alliance News) - Two orders of shares in Chesterfield Resources PLC were canceled from trading on the London Stock Exchange on Tuesday, after the conclusion of its reverse takeover of HKP Exploration Ltd.
Last Thursday, the company said it would buy Cyprus-focused exploration of natural resources company HKP for GBP500,000.
The deal saw Chesterfield issuing 6.7 million shares to the HKP sellers at 7.5 pence each.
The company had said the HKP portfolio is "highly perspective" with the acquisition being an "attractive opportunity".
Chersterfield shares were untraded at 6.75p each on Thursday.