17th Jul 2014 16:42
LONDON (Alliance News) - Neos Resources PLC late Thursday said trading of its shares on AIM will be cancelled from the market open Friday.
The company's shares were suspended on December 23, 2013, because it wasn't able to publish its audited accounts for the year ended June 30, 2013 by the end of that month.
"Although those accounts have now been published, the company's financial position is such that it requires further financing, and it has been unable to finalise this within the required timeframe," the company said in a statement.
"The directors have not yet concluded on the most appropriate future for the company and will communicate any decision when it is made," Neos added.
By Samuel Agini; [email protected]; @samuelagini
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