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DJ Equatorial Mining & Exploration PLC Half year trading statement


RNS Number : 0383D

Equatorial Mining & Exploration PLC

01 July 2016

1(st) July 2016

Equatorial Mining & Exploration Plc ("EME" or the "Company")

Half year trading statement

Further to the trading statement of the 10(th) June, EME announces a trading update for the half year to 30(th) June.

The Company continues discussions with its share, loan and warrant holders with a view to a short term injection of cash to enable the continuation of operations. These discussions held during June, have been sufficiently positive to embolden the Company to proceed with additional surveying of the exploration licences under its control in Edo State, Nigeria. Accordingly, the Directors will be in Nigeria during July to organise and join in with a scouting expedition to determine the optimal area for a low cost core hole drilling exercise.

A further statement will be made towards the end of September to coincide with the Company's interim results.


Equatorial Mining & Exploration Plc:


Nicholas Nelson, Executive Chairman


Alexander David Securities Limited

David Scott - Head of Corporate Finance

James Dewhurst - Institutional Sales

Telephone: +44 (0) 20 7448 9820

49 Queen Victoria Street, London EC4N 4SA

The directors of Equatorial and Mining Exploration PLC accept responsibility for this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

July 01, 2016 10:26 ET (14:26 GMT)