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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bellzone | LSE:BZM | London | Ordinary Share | JE00B3N0SJ29 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMBZM
RNS Number : 8030E
Bellzone Mining PLC
22 October 2018
Bellzone Mining plc
("Bellzone" or "the Company")
Corporate Update
Further to the results of today's General Meeting, as announced earlier today, the Company continues without a mandate to issue any new shares. Bellzone's major shareholder Hudson Global Group Limited ("Hudson") has re-affirmed its position and the Board of Bellzone respects that re-affirmation. The views of our major shareholder are a significant influence and the Board is moving forwards in a way which is acceptable to Hudson and, in the Board's judgment, is in the interests of Bellzone and the rest of its shareholders too.
Prudence dictates that, until further clarity on the Company's future is obtained within the next few weeks, there is an immediate temporary suspension of the feasibility study work on the ferronickel project. It is anticipated that the Company will remain within its timetable obligations under its Mining Convention if the bulk sample is shipped to South Africa for the smelting campaign before the end of 2018 and normal operations are resumed then.
The Company continues to explore options to remain as a going concern including further dialogue with Hudson and discussions with interested parties on ways urgently to monetise the Company's Konta Port asset. The Board is encouraged by progress but there is no certainty that any agreement will be reached before the Board would need to consider it prudent to invoke an insolvency procedure.
Enquiries:
Hot Features
Premium
Bellzone Mining plc
Simon Edwards +44 (0) 7767 492 712
simon.edwards@bellzone.com
WH Ireland Limited
Nominated Advisor & Joint Broker
James Joyce / Jessica Cave +44 (0) 20 7220 1666
SVS Securities plc
Joint Broker
Tom Curran / Ben Tadd / Nick
Aitchison +44 (0) 20 3700 0100
http://www.bellzone.com/
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
October 22, 2018 10:31 ET (14:31 GMT)
1 Year Bellzone Mining Chart |
1 Month Bellzone Mining Chart |
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