DJ SulNOx Group PLC Statement re planned fund raise
RNS Number : 5777L
SulNOx Group PLC
01 May 2020
SulNOx Group Plc (the "Company" or "SulNOx")
Further to Planned Fund Raise
(Aquis Stock Exchange: SNOX)
1(st) May 2020
Further to yesterday's announcement entitled Planned Fund Raise, the Company wishes to confirm that it intends to proceed with a placing of new ordinary to raise a minimum GBP100,000 at a price of 40 pence per share. Subscribers to the placing will also be issued one warrant for each ordinary share exercisable at 40p within three years of issue.
SulNOx is an Enterprise Investment Scheme qualifying company and qualifying subscribers would receive their EIS certificate (against their placing shares) following their investment.
Lifting of suspension.
As a result of this announcement, trading in the Company's shares will resume this morning.
SulNOx Group Plc : email@example.com Nicholas Nelson, Chief Executive Flagstaff, Strategic and Investor Communications Tim Thompson, Fergus Mellon +44 (0) 207 129 1474 ----------------------- Aquis Stock Exchange Corporate Adviser: Alexander David Securities Limited +44 (0) 20 7448 9820 ----------------------- David Scott - Corporate Finance, James Dewhurst - Corporate Broking
The directors take responsibility for this announcement.
About SulNOx Group Plc
SulNOx, www.sulnoxgroup.com , has developed a hydrocarbon fuels conditioning and emulsifying process which enables more efficient fuel combustion, potentially leading to reduced fuel consumption and significantly lowered emissions.
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(END) Dow Jones Newswires
May 01, 2020 02:00 ET (06:00 GMT)