LONDON (Alliance News) - Kemin Resources PLC said Friday it is disappointed to have to delist from AIM as it has not found a replacement nominated adviser.
Kemin, a Kazakhstan-focused molybdenum and tungsten exploration company, is scheduled to delist from London's AIM on Monday next week. This is a result of not being able to find a replacement nominated adviser in the required time period.
J P Jenkins Ltd will provide a dealing facility, which is intended to provide liquidity and continue trade in Kemin shares. This facility will become available November 1.
"The board is undertaking a strategic review of the company in order to explore ways of maximising shareholder value going forward. Further information will be communicated to shareholders in due course," said Kemin.
Shares in Kemin were suspended on Friday and have not traded since September 28 when they closed at 2.30 pence.