2 -- Change of Business and Reverse Takeovers
of the TSX Venture Exchange (the "Exchange").
Reverse takeovers have been problematic since the Gloucester Coal battle last year.
These decisions caused considerable debate, with some commentators expressing the view that they would cruel reverse takeovers (which are allowable under section 611 of the Corporations Act).
IN RECENT weeks, North West companies Cains and Eddie Stobart have both floated on the stock market through reverse takeovers.
So what are the advantages of reverse takeovers, and are we likely to see more in the future?
Mr Lewis added, 'Our involvement in getting companies to market is continuing with Morgan Cole's corporate team currently advising on two AIM reverse takeovers and one flotation on AIM.
Tinopolis has joined the Alternative Investment Market after its reverse takeover of Acquisitor was agreed earlier this week.
are relatively uncommon and involve a small public or private company taking over a larger one.
It is looking for reverse takeovers
, and the word on the street is the directors are hoping for a deal in the internet sector.
Mr Noon added that while relatively uncommon, reverse takeovers
are attractive to target companies since they offer so much in one fell swoop - not just the enlarged group and the synergies that come with it, but a listing and access to the public markets, too.