TIDMZOX
RNS Number : 7006C
ZincOx Resources PLC
18 November 2009
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18 November 2009
ZincOx Resources plc
("ZincOx" or "the Company")
Jabali Debt Financing
ZincOx announced on 2 October 2009 that a default event had occurred under the
$120 million bond facility raised by the Company's 52% owned Jabal Salab Company
(Yemen) Limited ("Jabal Salab") to be utilised in the construction of the Jabali
mine and plant (the "Facility").
ZincOx and Jabal Salab yesterday signed a Standstill Agreement ("Agreement")
with the bond holders. The Agreement has a two week term during which time the
parties intend to finalise their discussions on the Facility.
For more information please contact:
Andrew Woollett, Chairman
ZincOx Resources plc
Tel: +44 (0) 1276 450100
John Harrison (Nominated Adviser)
James Black (Corporate Broker)
Numis Securities
Tel: +44 (0) 20 7260 1000
Charlie Geller/ Leesa Peters, Conduit PR
Tel (Direct): +44 (0) 20 7429 6604/ + 44(0) 7528 233 383
This information is provided by RNS
The company news service from the London Stock Exchange
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