1 Apr 2016 11:12
Herencia Resources plc
("Herencia" or "the Company")
Price Movement
The Directors note the recent movement in the Company's share price and confirm that, as set out in the announcement dated 18 March 2016, the Company's major shareholders have indicated their intention to provide additional loan monies to Herencia prior to 6 April 2016. The Directors confirm that those conversations are well progressed and that the current intention is provide the Company with a loan of up to $500,000 (of which it is intended approximately $200,000 will be available by 6 April 2016). However, at this stage no documentation has been executed and there can be no guarantee that any transaction will complete.
The Company is not aware of any other reason for the movement in the Company's share price.
Further updates will be provided in due course.
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, 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**