Merchant House quits trading on AIM due to lack of funding

Merchant House has withdrawn its listing on the AIM exchange after it was unable to raise sufficient funding.

In an announcement to the AIM, Merchant House says the board made "considerable efforts" to find funding but was unsuccessful. "The company has been unable to raise sufficient funding in time in order to restore trading on AIM in the company's ordinary shares and therefore admission to AIM will be cancelled pursuant to the AIM rules with effect from 7.00am on 28 November 2012," the statement said. Shares in Merchant House have been suspended since April. The announcement added Merchant House has entered into some investment agreements which are conditional, inter alia, on the lifti...