19th Apr 2023 13:37
Curzon Energy PLC - London-based investor and developer in US based natural gas projects - In talks with Technology Metals Market Ltd over reverse takeover, after executing a letter of intent which has begun an initial 18-day period of exclusivity to conduct due diligence on each other. Says both parties have agreed to work towards execution and delivery of a definitive purchase agreement. Technology Metals Market will also provide Curzon Energy a working capital facility of up to GBP750,000 in the form of a one-year loan note, carrying an annual interest rate of 10% and convertible at the price of any subsequent share issue alongside the potential reverse takeover transaction. Says it will continue to update the market on progress as appropriate. Read More