22 Dec 2015 07:00
INFINITY ENERGY S.A - Statement re SuspensionINFINITY ENERGY S.A - Statement re Suspension
PR Newswire
London, December 21
Infinity Energy S.A.
("Infinity Energy" or the "Company")
Termination of Talks
Resumption of trading
On 15 October 2015, the Board of Infinity Energy announced that it was in discussions about the possible acquisition of 50% interests in 9 UK PEDL licenses located in South Wales that are currently owned by Eden Energy Limited in Australia. As the acquisition would have represented a reverse takeover under AIM Rules, trading in the Company's ordinary shares was suspended pending the publication of an admission document by the Company or an announcement that the proposed acquisition is no longer proceeding.
The Company today announces that these discussions have been terminated and the acquisition of the licences from Eden Energy will now no longer take place. Accordingly, the Company has requested the resumption of trading of its shares on AIM. Trading in the Company's ordinary shares will be resumed with effect from 7:30 am today.
For further information, please contact:
| Infinity Energy S.A. | |
| Gerwyn Williams | Tel: +44 7889 677 397 |
| Bruce Vandenberg | Tel: +44 7899 791 726 |
| Nomad | |
| Cairn Financial Advisers LLP | |
| Sandy JamiesonJames Caithie | Tel: +44 207 148 7900 |
| BrokerAlexander David Securities Ltd | |
| David Scott | Tel: +44 207 448 9821 |