SulNOx Group PLC Statement re planned fund raise (5777L)
01 Mai 2020 - 8:00AM
UK Regulatory
TIDMSNOX
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.
Enquiries:
SulNOx Group Plc : info@sulnoxgroup.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
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