Brief: GeoOp Ltd terminates IPO and listing on Australian Securities Exchange
16/10/2017 20:31
Oct 17 (Reuters) - GeoOp Ltd GEO.NZ :
* Is terminating its initial public offering and listing on
Australian Securities Exchange
* Co unable to reach outcome that addressed ASX requirements
without materially changing offer or restricting Geo's
operational plans
* Major shareholder North Ridge Partners agreed to provide
medium term funding of convertible loan of up to NZ$1.5 million
* Monthly cash burn is expected to reduce materially in
coming months
Source text for Eikon: ID:nNZW86Yzh8
Further company coverage: GEO.NZ
((Bangalore.newsroom@thomsonreuters.com;))
Recent news on Geo
See all newsBrief: Geo Says Intention To Delist From NZX Main Board
Brief: NZ Regco Says Placed Trading Halt On Geo Ordinary Shares
Brief: Geo Ltd To Launch Rights Issue To Raise Up To NZ$1.51 Million
Brief: Geo Says Cash Flow Breakeven Projected For Second Half Of Calendar 2024
Brief: Geo Appoints Matt Fitzsimons As New CFO