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3 Sep 2015 10:08
Alexander Mining plc
("Alexander" or the "Company")
Statement Regarding Suspension
Further to the announcement made by the Company on 28 August 2015 regarding the subscription to raise £295,000 (the "Subscription"), Alexander announces that due to the non-receipt of funds, the Subscription will not be proceeding as planned at this time. As result, the Company has inadequate working capital until an alternative financing can be arranged and has requested the suspension of its ordinary shares from trading on AIM.
The issue of 1,000,000 new ordinary shares to satisfy existing creditors (the "Creditor Shares"), as announced on 28 August 2015 will proceed but the shares will not be admitted to trading.
A further announcement will be made in due course.
Enquiries:
Alexander Mining plc | |
Martin Rosser Chief Executive Officer Mobile: +44 (0) 7770 865 341 | Matt Sutcliffe Executive Chairman Mobile: +44 (0) 7887 930 758 |
Tel: +44 (0) 20 7292 1300 Email: mail@alexandermining.com Website: www.alexandermining.com | |
Northland Capital Partners Limited
Matthew Johnson / Gerry Beaney +44 (0) 20 7382 1100 (Corporate Finance) John Howes / Abigail Wayne (Corporate Broking) |
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