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3Legs shares suspended on AIM

04 November 2015 07:56

Trading in 3Legs Resources' shares has been suspended on AIM because the company has not completed an acquisition which constitutes a reverse takeover or otherwise implemented its investing policy within 12 months of becoming an investing company.

The company says it is actively working to implement its investing policy and has recently signed non-binding heads of terms in connection with the proposed acquisition of SalvaRx Limited, a company in which 3Legs owns an 11.1% shareholding. On 30 September, 3Legs reported that it had subscribed £215,000 for new shares in SalvaRx in conjunction with a subscription for the same amount by Jim Mellon and Greg Bailey, both directors and substantial shareholders of 3Legs.

Story provided by StockMarketWire.com

Related Company: 3LEG

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