25 Feb 2016 07:00
Herencia Resources plc
("Herencia" or "the Company")
Adjournment of General Meeting
Update
Further to the announcement 10 February 2016, the directors of the Company confirm that the general meeting convened for 26th February 2016 at 2.30 pm and to be held at One America Square, London EC3N 2SG has been adjourned to the 24th March 2016 at 11.00 am. The location of the General Meeting remains unchanged.
The Directors have received notice that its two major shareholders have indicated they are not supportive of the proposed Next transaction in its current form, however negotiations with one of the shareholders to provide a short term facility to the Company is well advanced.
As advised on 3 February 2016, the Company had approximately one month of working capital. As outlined above the directors are continuing to negotiate a potential funding facility which will provide the Company with the funds to meet its short term cash requirements, but there can be no guarantee that a funding facility will be agreed. If the Company does not obtain this loan, the Company will not be able to continue trading.
Further details on the adjourned meeting will be made available to shareholders shortly by further market announcements and the Company's website (www.herenciaresources.com).
About Herencia
Herencia Resources plc, is an AIM quoted exploration and development company operating in Chile. In addition to the Picachos Copper Project, the Company also has the Guamanga Copper Project and the 70% owned Paguanta Project, a high grade silver-zinc-lead project located in northern Chile. The Company's corporate office is located in Perth and the main technical and management office is located in Santiago, Chile where it has been operating for over eight years.
For further information please contact:
Graeme Sloan, Herencia Resources plc +61 8 9481 4204
Katy Mitchell/Nick Prowting WH Ireland Limited (NOMAD) +44 161 832 2174
Jon Belliss and Zoe Alexander, 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**