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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 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMBZM
RNS Number : 2223J
Bellzone Mining PLC
03 December 2018
3 December 2018
Bellzone Mining plc
("Bellzone" or "the Company")
Funding Update and Suspension of trading of shares
Further to the Company's announcements of 27 September 2018, 22 October 2018, and 15 November the Company announces that it continues discussions to raise further funds but at present there has been no definitive agreement entered into to provide further working capital.
One avenue the Company has been pursuing is its discussions with its largest shareholder, Hudson Global Group Limited ("Hudson"), regarding the provision of further finance. Hudson has today informed the Company it is no longer considering providing any additional funding.
The Company is now looking to monetise its Konta Port asset with an interested party.
The Company's working capital position remains tight and there remains the risk that unless further funds are sourced in the very near term then the Company will need to invoke an insolvency procedure.
Whilst the Company pursues this opportunity as a means of avoiding an insolvency procedure, it has requested and been granted a suspension of the trading of its shares on AIM pending clarification of its financial position.
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
MSCEAEADELLPFFF
(END) Dow Jones Newswires
December 03, 2018 06:01 ET (11:01 GMT)
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