1st Apr 2016 10:27
LONDON (Alliance News) - Herencia Resources PLC said Friday talks with its major shareholders to provide it with additional loan funds of USD500,000 were "well progressed", and said it was not aware of any other reason for the movement in its share price.
Shares in Herencia doubled to trade at 0.03 pence on Friday, having reached a high of 0.06p.
Herencia confirmed its shareholders have indicated their intention to provide the company with loans prior to April 6, and said it is intended approximately USD200,000 will be available to it by April 6. The total amount the shareholders are looking to provide is USD500,000.
Herencia said, however, at this stage no documentation has been executed and there can be no guarantee that any transaction will complete.
The company said it was not aware of any other reason for the rise in its share price.
By Hannah Boland; [email protected]; @Hannaheboland
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Herencia Resources