Strata Investment Holdings (ASX:SRT) has re-commenced negotiations to finalize the long-form sale agreement with Holdco, the parent company of SCP Resource Finance LP and SCP Resource Finance GP, as part of its proposed acquisition first disclosed last Aug. 26, 2024, according to a Monday filing with the Australian bourse.
This follows in-principle confirmations from the Australian Securities Exchange, indicating no current reason to doubt Strata's suitability as a listed entity, pending the appointment of a lead manager for a proposed capital raising, the filing said.
Strata aims to complete the agreement, seek approval from Canadian regulators, and proceed with the Australian bourse's re-admission process, the filing added.
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