Further to the Trading Statement announced on 15th March 2020, SulNOx 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.
SulNOx Group Plc:
Aquis Stock Exchange Corporate Adviser:
Alexander David Securities Limited +44 (0) 20 7448 9820
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.