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Earnz PLC - cash shell - Following announcements of fundraise and acquisitions, says trading in company’s shares resumes on Monday. Last Friday, Earnz raises £2.1 million via a placing of 27.4 million new shares at 7.5 pence. Proceeds to fund the acquisitions of Cosgrove & Drew Ltd and South West Heating Services Ltd. Acquisitions represent a reverse takeover. On Thursday, Earnz announces pretax loss in the half-year to June 30, widening to £907,711 from £671,833 a year prior. Reflects rise in administrative expenses to £909,853 from £644,576. No revenue declared, unchanged.
Current stock price: 7.47 pence
12-month change: down 93%
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