SulNOx Group PLC - Statement re Planned Fund Raise
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 15th March 2020, SulNOx Group Plc ("SulNOx" or the "Company"), announces that it is in the process of raising a minimum £100,000 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:

Nicholas Nelson, Chief Executive

info@sulnoxgroup.com

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 . 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
 
 
NEXMZGZDMLZGGZZ ]]>