Dorcaster extends exclusivity period over Escape Hunt acquisition

Dorcaster announced on Friday that, further to its update on on 18 November, it has extended the period of exclusivity granted by agreement with the shareholders of Escape Hunt Group to 31 March, in order to allow the company to complete the due diligence and associated funding.

The AIM-traded firm said that as a result, it has requested that the suspension of trading in its shares remain until such time that it has published an admission document for the group as it would be enlarged following the proposed acquisition, negotiations in relation to the proposed acquisition have been terminated, or the period of exclusivity granted has expired.

“The company will make further announcements in due course,” the board assured shareholders in a statement.

“There can be no certainty that definitive documentation relating to the proposed acquisition of Escape Hunt will be entered into or subsequently that the acquisition will complete.”