Yorkshire energy from waste firm firm, Sterecycle, has extended the deadline for the deal that will allow the company to list in Canada.
Stereycle plans to list on the stock exchange in Canada to benefit from the country’s strong green energy sector.
The listing would be facilitated by a takeover deal by SAO, a shell company often used as a means of listing companies in Canada. SAO is listed on the TSX Venture Exchange.
It has not commenced commercial operations and has no assets other than cash.
Sterecyle said that its board has agreed to extend the deadline for SAO to firm up its offer until the end of Wednesday.
In a statement, Sterecycle, said the extension would allow both parties to continue ongoing discussions.
It added: “There is no certainty that at the end of this period an offer for Sterecycle will be made, nor as to the terms of any such offer (if made), and SAO has no obligation or commitment to make any offer.”
Sterecycle, which runs an autoclave plant at its Rotherham base in South Yorkshire, is expanding its facility to treat up to 175,000 tonnes of domestic, commercial and industrial mixed waste per year.