Beware7 Dec 2010 23:20
''As previously outlined to investors, in December 2009 Aurum became an investing company pursuant to Rule 15 of the AIM Rules. This means that, under the AIM Rules, the Company has 12 months from 22 December 2009 in which to make an acquisition or acquisitions which would constitute a reverse takeover. Accordingly, in the event that the Company does not make such an acquisition within that time, trading in its shares on AIM may be suspended with effect from 7 a.m. on 23 December 2010. If no such acquisition has been made by June 2011, the Company's AIM listing may be cancelled.
The Board is confident that a suitable acquisition opportunity will be identified within this timeframe and does not believe that the potential forthcoming suspension will impact its ability to do a deal within the required timeframe.''