Merchant House has withdrawn its listing on the AIM exchange after it was unable to raise sufficient funding.
In an announcement to the AIM, Merchant House says the board made "considerable efforts" to find funding but was unsuccessful.
"The company has been unable to raise sufficient funding in time in order to restore trading on AIM in the company's ordinary shares and therefore admission to AIM will be cancelled pursuant to the AIM rules with effect from 7.00am on 28 November 2012," the statement said.
Shares in Merchant House have been suspended since April.
The announcement added that Merchant House has entered into some investment agreements which are conditional, inter alia, on the lifting of the suspension in trading in the company's ordinary shares.
"The directors intend to enter into discussion with the funding parties to determine if this condition may be waived.
"There is no guarantee that these discussions will result in a satisfactory outcome but shareholders and creditors will be updated within the next few days," it said.
"In the meantime the company will consider all the options open to it to preserve value for stakeholders."
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