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IN BRIEF: Richland Stock Suspended; In Talks Over Takeover Deal

Wed, 01st Jul 2020 19:37

Richland Resources Ltd - cash shell - Share trading suspended due to failure to consummate an acquisition, or acquisitions, which constitutes a reverse takeover under AIM stock market rules. Shares will be cancelled if a re-admission transaction is not completed within six months. Identified a suitable opportunity and is currently in late-stage discussions with respect to a potential reverse takeover transaction in the mining sector. No guarantee over completion of the takeover deal.

Current stock price: shares suspended.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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