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BRIEF-GeoOp Ltd terminates IPO and listing on Australian Securities Exchange
October 16, 2017 / 7:41 PM / a month ago

BRIEF-GeoOp Ltd terminates IPO and listing on Australian Securities Exchange

Oct 17 (Reuters) - GeoOp Ltd:

* Is terminating its initial public offering and listing on Australian Securities Exchange

* Co unable to reach outcome that addressed ASX requirements without materially changing offer or restricting Geo’s operational plans​

* Major shareholder North Ridge Partners agreed to provide medium term funding of convertible loan of up to NZ$1.5 million​

* ‍Monthly cash burn is expected to reduce materially in coming months​ Source text for Eikon: Further company coverage:

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