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Statement re Suspension

22nd Dec 2015 07:00

INFINITY ENERGY S.A - Statement re Suspension

INFINITY ENERGY S.A - Statement re Suspension

PR Newswire

London, December 21

Infinity Energy S.A.

("Infinity Energy" or the "Company")

Termination of Talks

Resumption of trading

On 15 October 2015, the Board of Infinity Energy announced that it was in discussions about the possible acquisition of 50% interests in 9 UK PEDL licenses located in South Wales that are currently owned by Eden Energy Limited in Australia. As the acquisition would have represented a reverse takeover under AIM Rules, trading in the Company's ordinary shares was suspended pending the publication of an admission document by the Company or an announcement that the proposed acquisition is no longer proceeding.

The Company today announces that these discussions have been terminated and the acquisition of the licences from Eden Energy will now no longer take place. Accordingly, the Company has requested the resumption of trading of its shares on AIM. Trading in the Company's ordinary shares will be resumed with effect from 7:30 am today.

For further information, please contact:

Infinity Energy S.A.
Gerwyn WilliamsTel: +44 7889 677 397
Bruce VandenbergTel: +44 7899 791 726
Nomad
Cairn Financial Advisers LLP
Sandy JamiesonJames CaithieTel: +44 207 148 7900
BrokerAlexander David Securities Ltd
David ScottTel: +44 207 448 9821

Related Shares:

Infinity Eng
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