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ZincOx acquires Korea Zinc for $7.95m

Thu, 12th Jan 2017 12:30

(ShareCast News) - ZincOx Resources, an AIM listed company that recycles hazardous waste generated from recycling steel scrap, has announced that it has entered into a sale and purchase agreement with Korea Zinc company (KZC) with regard to the company's remaining interest in Zinc Oxide corporation, owner of the Korean Recycling Plant (KRP).KZC has agreed to pay a total of $7.95m in two tranches for the remaining interest in ZOC, of which $7m is to be paid within three weeks and the balance once KZC has completed various procedural requirements in Korea.The proceeds from the sale will be used to repay the company's corporate loan notes which together with accrued interest amounts to around $5m and the balance will be used to progres other projects.Chief executive Andrew Woollett said: "The sale will enable the Company to pay off all its debt and provide sufficient funds for us to work on new and exciting major projects around which the Company can be rebuilt."The share price rose 5.56% to 0.425p at 1252 GMT on Thursday.
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23 Jan 2017 10:36

ZincOx Resources teams up with Korea Zinc to start up plant in Vietnam

(ShareCast News) - ZincOx Resources, an AIM-listed company that recycles hazardous waste generated by recycling steel scrap, has entered into a joint-venture agreement with Korea Zinc company (KZC) to develop a recycling plant in Vietnam. Under the agreement, KZC will fund 100% of a Definitive Devel

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24 Nov 2016 12:38

ZincOx Resources and Korea Zinc Co in Vietnam recycling plant JV

(ShareCast News) - ZincOx Resources and Korea Zinc Company Ltd (KZC) have entered a Memorandum of Understanding (MoU) for the joint design and development of a recycling plant in Vietnam. The MoU foresees KZC funding 100% of a Definitive Development Study (DDS) in sufficient detail to enable the rai

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28 Sep 2016 11:20

ZincOx operating loss widens amid viability concerns

(ShareCast News) - ZincOx Resources announced its unaudited half yearly results for the six months to 30 June on Wednesday, with revenue of $0.64m more than doubling from the $0.29m in the 2015 interim period. The AIM-traded firm's operating expenses were almost three times what they were in the pri

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28 Sep 2016 09:43

WINNERS & LOSERS SUMMARY: UK Mail Jumps On Deutsche Post Cash Offer

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28 Sep 2016 07:37

ZincOx Shares Plummet As Loss Widens And Threat Of Suspension Looms

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1 Sep 2016 09:57

WINNERS & LOSERS SUMMARY: Weak UK Recruitment Market Hits Hays Stock

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11 Jul 2016 07:43

ZincOx Hires AIM Veteran Donald McAlister As New Finance Director

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17 Jun 2016 16:33

ZincOx raises £300,000 for working capital, other opportunities

(ShareCast News) - ZincOx Resources has raised £300,000 at 1p a share, proceeds going to working capital and various opporunities over the next 12 months using its metallurgical expertise. At 16:47 BST, shares in ZincOx were up 28% to 0.8p. It is working with EETAC, a consortium of US and intern

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17 Jun 2016 11:02

LONDON MARKET MIDDAY: Threatened National Grid Left Behind By Rally

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17 Jun 2016 09:46

WINNERS & LOSERS SUMMARY: National Grid Hit By Break-Up Recommendation

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17 Jun 2016 07:38

ZincOx Resources Raises GBP300,000 In Share Placing (ALLISS)

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10 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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12 May 2016 10:08

ZincOx Shares Rise As It Begins Rebuilding Company After Tough 2015

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29 Apr 2016 11:41

ZincOx Completes Transfer Of 90% Recycling Stake To Korea Zinc

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