Former diamond miner Golden Saint Resources PLC (LON:GSR) is to cancel its AIM listing ahead of a planned reverse takeover of EMS Wiring Sytems.
Once that deal completes, Golden Saint will re-list on the standard section of London’s main market, but until then shareholders will have no formal market on which to trade their shares.
GSR said it has taken the decision to conserve its cash while it finalises the EMS deal.
The mining assets in Sierra Leone will be sold.
A general shareholders meeting is scheduled for April 13 with the AIM cancellation expected to take place on April 24.