RE: New RNS28 May 2020 13:34
Proactive Investors:
"Attis Oil and Gas Ltd (LON:AOGL) returned from suspension 78% lower at 0.0155p after the reverse takeover of the company collapsed.
The company had entered into a memorandum of understanding with an oil and gas company focused on North America that was planned to result in a reverse takeover but due to a number of factors, not least the impact of the global coronavirus pandemic on oil prices, the deal was called off.
Instead, Attis has raised £500,000 by placing shares at 0.0115p and has raised a further £420,000 through a bridging loan as it seeks to plough on alone."