Zincox Resources Plc Share News (ZOX)

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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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ZinCox Resources to raise £3.2m to upgrade Korean Recycling Plant

(ShareCast News) - Zincox Resources has raised around £2.1m before expenses through a conditional placing of approximately 16.1m new shares at 13p per share with institutional and other investors and plans to raise a further £1.1m. The 13p per share price represents a discount of 1.9% to the closing

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ZincOx To Raise GBP3.2 Million In Placing And Open Offer (ALLISS)

14 Jul 2015 12:03

ZincOx Resources reports improvement from Korean plant

(ShareCast News) - Zinc concentrate producer ZincOx Resources said operations at its Korean recycling plant improved throughout the first half of 2015. In the period, the plant, the group's only producing asset, generated $22.2m in revenue, a 24.7% increase year-on-year, while earnings before intere

14 Jul 2015 07:54

ZincOx Reports Improved Performance From Korean Recycling Plant

13 Jul 2015 09:00

ZincOx Reaches Agreements To Extend Loan Notes And Sell US Assets

9 Jun 2015 14:57

ZincOx Resources reports record monthly EBITDA at its Korean Recycling Plant

Recycling firm ZincOx announced record monthly earnings before interest, tax, depreciation and amortisation (EBITDA) at its wholly-owned Korean Recycling Plant. May EBITDA climbed from $0.77m to $1.01m month-on-month, driven by an increase in zinc recovery from 90% to 91%, and concentrated produced

9 Jun 2015 07:07