Rns19 Aug 2023 06:38
I believe a reverse takeover of the new Barryroe Energy is on the cards
As an AIM Rule 15 Cash Shell, the Company is required to make an acquisition, or acquisitions, which constitutes a reverse takeover under Rule 14 of the AIM Rules for Companies ("AIM Rules)(including seeking re-admission under the AIM Rules) within six months of 19 September 2023. Alternatively, within such time period, the Company can seek to become an investing company pursuant to AIM Rule 8, which requires, inter alia, the raising of at least £6 million and publication of an admission document.