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15 Apr 2013 07:00
15th April 2013
ZincOx Resources plc
("ZincOx" or the "Company")
Korean Recycling Plant Working Capital Facility
ZincOx Resources plc (AIM: ZOX) announces the finalisation of a working capital facility for its wholly owned subsidiary, ZincOx (Korea) Ltd, from Standard Chartered Bank Korea Ltd. The facility has been approved by the credit committee of the bank up to a value of USD 5 million. Reference to this facility was made in the announcement of 6 March 2013, and carries a charge for using the facility of 4% over USD LIBOR.
Commenting on the announcement, Andrew Woollett, ZincOx's Executive Chairman said
"We have been working with Standard Chartered Bank Korea since we started the construction of the plant and, over the past year, for the financing of its expansion. The facility is a further step in the development of this relationship."
For further information please visit www.zincox.com or contact:
ZincOx Resources plc | Tel: +44 (0)1276 450 100 |
Andrew Woollett, Executive Chairman | |
Peel Hunt LLP (Nominated Adviser and Joint Broker) | Tel: +44 (0)20 7418 8900 |
Richard Kauffer Daniel Harris | |
finnCap Limited (Joint Broker) Matthew Robinson Joanna Weaving | Tel: +44 (0)20 7220 0500 |
Tavistock Communications | Tel: +44 (0)20 7920 3150 |
Simon Hudson Jessica Fontaine |
Zincox Resources Plc (ZOX)
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