RNS Number : 2649H
  Zambezi Resources Ltd
  03 November 2008
   

    3 November 2008
    Zambezi Resources Limited  
    ("Zambezi" or "the Company")
    Suspension of Trading on AIM


    The Company announces that it has requested that trading in its shares on AIM be suspended with immediate effect, pending clarification
of the Company's funding arrangements. As announced on 31 October 2008, trading of the Company's shares was suspended on the Australian
Stock Exchange ('ASX'), at the request of the Company, with effect from opening of the ASX on 3 November 2008.

    Due to the nature of the Company's ongoing operational obligations, the cash position has decreased from that as stated for 30 September
2008 (as per announcement of the Quarterly Report made on 31 October 2008). The Company has entered into negotiations with creditors with a
view to securing ongoing financial security of the Company. Zambezi is currently in discussions with various interested parties at a
corporate and project level for ongoing financing of its Kangaluwi project.

    A further announcement will be made in due course.


    For more information contact:   
 Julian Ford, Managing Director      Simon Edwards / Adam Lloyd 
 Zambezi Resources (Australia)       Evolution Securities Ltd
 +61 (08) 9216 9000                  + 44 20 7071 4300
 +61 (0) 418 949 580

 Fiona Owen 
 Nominated Adviser
 Grant Thornton UK LLP
 +44 20 7383 5100



This information is provided by RNS
The company news service from the London Stock Exchange
 
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