Aquisition - Further Update

Summary by AI BETAClose X

GRIT Investment Trust plc announced it is in discussions for a reverse takeover with a mining resources company, with non-binding heads of terms potentially being signed. Trading in GRIT securities remains suspended during these ongoing discussions. The company stated that if the heads of terms are not agreed upon or the reverse takeover does not proceed, it will explore options including seeking a cancellation of its Listing. A further announcement will be made upon entering any formal arrangements, with no certainty of a successful reverse takeover at this stage.

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