AXU Abraxus Inv.

    RNS Number : 1158G
  Abraxus Investments PLC
  17 October 2008
   
    ABRAXUS INVESTMENTS PLC (THE "COMPANY")

    ONGOING EXAMINATION OF OPPORTUNITIES

    On 29 September 2008 the Company announced that it was at an advanced stage of examining an acquisition which would be a Reverse
Takeover under the AIM Rules.

    The Company is no longer pursuing this opportunity. It is however reviewing a number of other potential acquisitions, all of which are
currently at an early stage. This may entail a change in investment strategy for the Company.

    The Company will remain suspended in accordance with AIM Rule 15.

    Enquiries

    Shore Capital and Corporate Limited
    Nominated adviser to the Company

    Christian Littlewood
    Edward Mansfield
    Tel 020 7408 4090

This information is provided by RNS
The company news service from the London Stock Exchange
 
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