10th Jan 2020 11:57
(Alliance News) - eEnergy Group PLC on Friday said it has completed the disposal of its MetaLeach Ltd shares, and its other mineral technology processing assets.
In September, Alexander Mining disclosed its intention to dispose of its wholly owned subsidiary, MetaLeach Ltd, and make an acquisition which constituted a reverse takeover.
In November, the company's shares were suspended from trading as it said it was in advanced negotiations for the acquisition of eLight Group Holdings Ltd, an energy saving lighting firm.
In December, Alexander Mining said it had acquired eLight Group for GBP6.6 million and had changed its name to eEnergy Group PLC.
On Thursday, eEnergy Group began trading on the London Stock Exchange with a total issued share capital of 131 million shares.
Shares in eEnergy Group were up 1.6% at 8.12 pence each on Friday morning in London.
By Ife Taiwo; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
eEnergy Group