Herencia Resources PLC Working Capital Update (1863X)
February 17 2017 - 3:28AM
UK Regulatory
TIDMHER
RNS Number : 1863X
Herencia Resources PLC
17 February 2017
Herencia Resources plc
("Herencia" or "the Company")
Working Capital Update
The Company confirms that, following prudent cash management and
an ongoing working understanding with creditors, it believes its
working capital position remains satisfactory until approximately
the end of February 2017.
The Directors are in discussions with its major shareholders to
provide further funds to meet Herencia's working capital needs and
to progress the development of the Picachos copper project. If
these funds are not advanced, and if no further source of funds can
be found, it is unlikely that the Company will be able to continue
to trade.
Further updates will be provided in due course.
For further information please contact:
Graeme Sloan, Herencia Resources plc +61 8 9481 4204
Katy Mitchell, WH Ireland Limited (NOMAD) +44 161 832 2174
Jon Belliss, Beaufort Securities Limited (UK) +44 207 382 8300
References in this announcement to exploration results and
potential have been approved for release by Mr Graeme Sloan (BAppSc
Mining Engineering WASM) who has more than 20 years relevant
experience in the field of activity concerned. Mr Sloan is a Member
of the Australasian Institute of Mining and Metallurgy. Mr Sloan
has consented to the inclusion of the material in the form and
context in which it appears.
Further background details on the Company can be found at
www.herenciaresources.com
**ENDS**
This information is provided by RNS
The company news service from the London Stock Exchange
END
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