22 Sep 2014 07:30
22 September 2014
Bellzone Mining plc
("Bellzone" or "the Company")
Funding update and suspension of securities from trading on AIM
Further to the announcement of 17 September 2014, Bellzone Mining plc (AIM: BZM) announces that it has not yet been able to reach agreement with China Sonangol International (S) Pte Ltd ("China Sonangol") on the final satisfaction of all conditions of the loan agreement announced on 18 August 2014 (the "Loan Agreement"). However, as previously announced, the Company requires a further advance of financing under the Loan Agreement or some other source of funds early in the week of 22 September 2014 to continue operations. In light of the current uncertainty surrounding the Company's ability to secure such an advance of financing under the Loan Agreement, Bellzone has requested that its ordinary shares be suspended from trading on AIM with immediate effect pending clarification of its financial position.
There can be no certainty that the required financing, either short or longer term, will be obtained. A further update will be announced as soon as reasonably practicable.
Enquiries:
Bellzone Mining plc
Peta Baldwin, Corporate Affairs +44 (0) 1534 513 500
Investec Securities
Nominated Advisor and Broker
Chris Sim / George Price / Jeremy Ellis +44 (0) 20 7597 5970
Bell Pottinger
Financial Public and Investor Relations
Daniel Thole +44 (0) 203 772 2500