SulNOx Group PLC Statement re Planned Fund Raise (4029L)
30 April 2020 - 4:00PM
UK Regulatory
TIDMSNOX
RNS Number : 4029L
SulNOx Group PLC
30 April 2020
SulNOx Group Plc
Planned Fund Raise
(Aquis Stock Exchange: SNOX)
30 April 2020
Further to the Trading Statement announced on 15(th) March 2020,
SulNOx Group Plc ("SulNOx" or the "Company"), announces that it is
in the process of raising a minimum GBP100,000 from the issue of
new ordinary shares at a price yet to be determined. It is intended
that the funds will be deployed principally in marketing the
Company's two proprietary fuel conditioning products.
The Company is initially canvassing interest from existing
shareholders and other private investors known to the directors and
today's share suspension has been deemed necessary as communication
has started with a list of individual private investors.
The directors wish to draw attention to the contents of the
recent Trading Statement and look forward to updating the market in
due course.
Prior to publication, certain information contained within this
announcement was deemed to constitute inside information for the
purposes of Article 7 or EU Regulation 596/2014. Upon publication
of this announcement, this information is now considered to be in
the public domain.
Enquiries:
SulNOx Group Plc : info@sulnoxgroup.com
Nicholas Nelson, Chief Executive
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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