4th Sep 2018 13:31
LONDON (Alliance News) - Path Investments PLC said on Tuesday it will cancel its London Main Market listing, and move to the AIM market in mid-September.
In conjunction, GBP10 million will be raised through a placing of new shares in the company, the proceeds of which will go towards providing sufficient funding to complete a farm-in agreement with 5P Energy GmbH to acquire a 50% stake in Alfeld-Elze II licence, a producing gas field in Germany.
All 195.9 million of Path Investments' issued shares will be moved to AIM.
Shares in Path Investments are currently suspended.
Related Shares:
PATH.L