6th Mar 2015 15:59
LONDON (Alliance News) - Bellzone Mining PLC shares have increased more than fivefold on Friday, in the wake of a trading suspension being lifted.
Bellzone's restoration to the London Stock Exchange's junior market, AIM, comes after the company secured financing with major shareholder China Sonagol International Pte Ltd.
On Thursday, Bellzone said the shareholder had agreed to extend and amend the terms of its USD4 million loan facility. The agreement extends the loan to the end of March 2018 and increases the total funding available to USD10 million.
The stock is up 2.36 pence, or 450%, at 2.90 pence on Friday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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