RE: Participation in the call1 Jun 2026 12:29
Exerp from RNS.
“ The Board intends to utilise the net proceeds of the Subscription to provide the Group with general working capital as well as supporting a possible initial reverse transaction ("Reverse") which the Company continues to seek (as reported as its intention back in October when Mr Ransley first joined the Company as a consultant) likely to be within the mining sector. It is emphasised that as of this time, no such terms have been agreed for such a possible Reverse and a further announcement will be made as and when they are. In the meantime, there can be no certainty that a Reverse will take place “.
Does anyone know if there are any implications if the reverse does not take place.