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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zambezi Res | LSE:ZRL | London | Ordinary Share | BMG988411028 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMZRL RNS Number : 8890O Zambezi Resources Ltd 16 March 2009 16 March 2009 Zambezi Resources Limited TERMINATION OF SUBSCRIPTION AGREEMENT Zambezi Resources Limited ("Zambezi" or the "Company") (AIM:ZRL; ASX:ZRL) today announces that the Company today gave a notice to Astron Ltd ("Astron") to terminate the subscription agreement dated 28 January 2009 between the Company and Astron for the issue of 171,000,000 shares at 2 cents per share, which was the subject of resolution 3 at the Company's general meeting held on 9 March 2009. Zambezi continues to seek options available to the Company in conjunction with its advisors and looks to continue negotiations with creditors and other parties interested in the Company's assets with a view to securing the Company's ongoing financial position. Accordingly, Zambezi has requested the ASX grant a suspension of the Company's securities pursuant to the ASX Listing Rules whilst these discussions are being concluded. The Company requests the suspension ends on the earlier of either commencement of normal trade on 1 April 2009 or such time as the anticipated announcement regarding the above discussions is released to the market. The Company's shares remain suspended from trading on AIM. For Further Information please contact: +---------------------------+--------------------------------+ | Julian Ford, Managing | Simon Edwards / Adam Lloyd | | Director | Evolution Securities Ltd | | Zambezi Resources | + 44 20 7071 4300 | | (Australia) | | | +61 (08) 9216 9000 | | | +61 (0) 418 949 580 | | | | | +---------------------------+--------------------------------+ | Fiona Owen | | | Grant Thornton UK LLP | | | +44 20 7383 5100 | | | | | +---------------------------+--------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END MSCIIFSTVLIRLIA
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