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Europa Metals Ltd - former lead-zinc and silver mine developer now a cash shell seeking an acquisition - Shares are suspended from trading on the AIM market of the London Stock Exchange but continue to trade on the Johannesburg Stock Exchange. The AIM suspension comes as Europa has not been able to identify a ‘suitable’ acquisition opportunity with which it could have confidence on raising the required funds for both the reverse takeover and working capital going forward. Under AIM rules, Europa had six months to complete an acquisition that constitute a reverse takeover. ‘Over the course of the last six months, the board has reviewed a range of opportunities for the company to deliver the best possible outcome for all shareholders,’ it says. Current stock price in Johannesburg: 25 rand cents 12-month change: down 36% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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