22nd Dec 2015 12:50
LONDON (Alliance News) - ZincOx Resources PLC Tuesday said it has not reached an agreement with potential funding partners, although it is continuing talks to raise at least USD5 million before the end of 2015, as it noted a rise in its share price.
The UK-based zinc concentrate producer's shares were up 1.1% at 1.36 pence Tuesday afternoon after the announcement, having jumped as high as 2.10 pence earlier in the session. The company said it was not aware of any undisclosed reason for the rise.
ZincOx said there remains no certainty it will be able to successfully reach a fundraising agreement, and it will make an announcement as soon as there is any progress in relation to its fundraising efforts or otherwise.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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