SulNOx Group PLC Further re fund raise (7621M)
13 Mai 2020 - 10:29AM
UK Regulatory
TIDMSNOX
RNS Number : 7621M
SulNOx Group PLC
13 May 2020
SulNOx Group Plc (the "Company" or "SulNOx")
Completion of Fund Raise
(Aquis Stock Exchange: SNOX)
13 May 2020
Further to the announcement of 1(st) May 2020, the Company is
pleased to announce the completion of a placing of 575,000 ordinary
2p shares ("Placing Shares") at an issue price of 40p per share
raising gross proceeds of GBP230,000 before expenses (the
"Placing").
Application has been made to the Aquis Stock Exchange Growth
Market for admission of the Placing Shares and dealing in these
shares is expected to commence at 8.00am on 19th May 2020.
Subscribers to the Placing will also be issued one warrant for
each ordinary share exercisable at 40p within three years of
issue.
Nicholas Nelson, Chief Executive, commented:
"We are delighted with the strong appetite received from new and
existing investors which resulted in the swift closure of the
Placing. In part, these funds will be deployed in specific customer
trials, as well as the execution of the business plan as set out at
the date of the initial public offering.
The publication of our annual audited accounts is planned to be
completed over the coming months and we look forward to providing
more trading information at that time"
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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