"Your board has continued to review a number of potential opportunities for a reverse takeover
," Tau Chair Gerwyn Williams said.
The company was previously called Golden Saint Resources when it was an early stage gold and diamond explorer but changed its name last April following the reverse takeover
Industrial magnate Mr Gupta, saviour of a threatened aluminium smelter in Lochaber, and Atlantis Resources chief executive Tim Cornelius celebrated a reverse takeover
handing nearly 50% of Edinburgh-based Atlantis to Mr Gupta's GFG Alliance.
A reverse takeover
refers to a transaction whereby a privately held company buys enough shares to control a publicly traded company.
NMC had hinted at pursuing its offer for Al Noor Hospital, despite Al Noor's announcement last week saying it has reached an agreement on the terms of a possible reverse takeover
by South Africa's Mediclinic International Ltd.
Chief Executive Doug Ware adds, "Whilst ideally we would have liked to avoid triggering a reverse takeover
, we respect the Financial Conduct Authority's decision and will press ahead with completion of the company's prospectus .
David Redwood said: "We walked into a potential minefield by entering into a reverse takeover
of a public company, however, Wragge & Co guided us most effectively to a safe end."
There are quite a few companies that are asset-rich but have no source of liquidity," said Andrew Rickards, CEO of property giant Yoma, listed on the SGX since 2006 through a reverse takeover
- 16 Feb 2012, Umirzak Shukeyev, head of Samruk-Kazyna, told Kommersant that the fund was considering a reverse takeover
of NC KMG by KMG EP.
Mobile Internet technology company XcelMobility Inc (OTCBB:XCLL) has completed a reverse takeover
of CC Mobility Limited, the company announced today.
The company is establishing Goliath Gold Mining Ltd following the reverse takeover
of White Water Resources Ltd (WWR.JO), a Johannesburg-listed investment holding company.
It will be remembered that the Panel twice ruled in favour of Noble Group against the reverse takeover
of Gloucester Coal that would have resulted from Gloucester's bid for Whitehaven Coal.