TomCo Energy (GB:TOM) has released an update.
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TomCo Energy PLC has announced a delay in the publication of its 2024 Interim Results due to ongoing efforts to secure additional funding, which has resulted in the suspension of trading of its shares on AIM from 1 July 2024. The company is working on raising either equity or debt capital to maintain operations and is conserving cash by deferring Directors’ salaries and cutting non-essential expenses. TomCo remains optimistic about acquiring the necessary funds and intends to publish the interim results and resume trading as soon as possible.
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