Hummingbird Resources plc could be delisted and bought out after it agreed to convert US$30 million debt into shares for its main creditor. CHALLENGES Negotiations on debt restructuring continue with the company’s primary lenders Coris Bank International and CIG SA and its largest shareholder Nioko Resources Corporation. Hummingbird said that challenges at Yanfolila in southern […]
Tag: delisting
EnQuest plans exit from Nasdaq Stockholm
EnQuest plc plans to delist from Nasdaq Stockholm because of additional compliance costs when it no longer had a legal or physical presence in Sweden. EUROPEAN UNION The company depends on external support to ensure compliance with Nasdaq Stockholm, which had created the additional unexpected expense. The formal application for delisting will be submitted to […]