Brief: Barryroe Offshore Flags Going Concern Issues

Barryroe Offshore Energy

08/06/2023 07:20

June 8 (Reuters) - Barryroe Offshore Energy PLC  BEY.I :
    * DECIDED CAN NO LONGER PROCEED WITH PROPOSED PLACING & OPEN
OFFER
TO RAISE CORPORATE WORKING CAPITAL, AS ANNOUNCED ON 6 APRIL
    * REFUSAL BY MINISTER TO GRANT LEASE UNDERTAKING AND DELAY
TO
PROPOSED WORKING CAPITAL RAISE HAS CREATED GOING CONCERN ISSUES
    * CONSIDERING ALL OPTIONS IN RELATION TO DECISION BY
MINISTER TO
REFUSE TO GRANT LEASE UNDERTAKING OVER SEL 1/11

Source text for Eikon:  ID:nRSH0219Ca 
Further company coverage:  BEY.I 

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