Herencia Resources plc ("Herencia" or "the Company")
Working Capital Update
As announced on 19 October 2016 the Company has sufficient working capital to last until approximately the end of November 2016..
The Directors are in discussions with its major shareholders to provide further funds to meet its working capital needs and to progress the development of the Picachos copper project. Whilst Directors have every confidence that these funds will be made available there can be no guarantee that they will be advanced. If these additional funds are not advanced, it is unlikely that the Company will be able to continue to trade.
Further updates will be provided in due course.
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For further information please contact:
Graeme Sloan, Herencia Resources plc
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+61
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8 9481 4204
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Katy Mitchell, WH Ireland Limited (NOMAD)
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+44
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161 832 2174
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Jon Belliss, Beaufort Securities Limited (UK)
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+44
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207 382 8300
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References in this announcement to exploration results and potential have been approved for release by Mr Graeme Sloan (BAppSc Mining Engineering WASM) who has more than 20 years relevant experience in the field of activity concerned. Mr Sloan is a Member of the Australasian Institute of Mining and Metallurgy. Mr Sloan has consented to the inclusion of the material in the form and context in which it appears.
Further background details on the Company can be found at www.herenciaresources.com
**ENDS**
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