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Arkle Resources dismisses reverse takeover talk; shares sink
StockMarketWire.com
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Arkle Resources fell sharply Tuesday pared some its gains from Monday after the company dismissed rumours that it was in talks with a Mongolian mining organisation concerning a reverse takeover.
The company -- citing an article dated 22 March 2021 from bne IntelliNews regarding a potential reverse takeover of Arkle by a Mongolian mining organisation -- confirmed that it, alongside other companies, was approached about assisting with the financing related to a Mongolian mining project but said it had declined to progress matters and there were no discussions regarding a reverse takeover taking place.
At 9:54am: (LON:ARK) share price was 0p at 1.02p
Story provided by StockMarketWire.com
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