File image: Reuters

Johannesburg - The Johannesburg Stock Exchange (JSE) advised on Thursday that cash shell Simmers and Jack Mines (SIM) has failed to enter into an agreement and make an announcement relating to the acquisition of viable assets that satisfy the conditions for listing as set out in Section 4 of the JSE Listings Requirements.

Accordingly‚ the company’s listing has been suspended on the JSE trading system‚ the JSE said. - I-Net Bridge