Neos Resources PLC Update (6305A)

TIDMNEOS

RNS Number : 6305A

Neos Resources PLC

21 February 2014

Neos Resources plc

("Neos" or the "Group")

Update

Further to the announcement dated 30 January 2014, the Board is continuing discussions with the Company's two largest shareholders in connection with the Company's funding requirements to remain a going concern and as a listed entity for the next twelve months.

Given the need to publish the overdue Annual Report for the year ended 30 June 2013 as soon as possible, and in the current absence of a funding commitment, the Board has concluded that it will not prepare the accounts on a going concern basis.

The Board continues to look at a number of opportunities to secure further funding.

Enquiries:

 
 NEOS Resources plc                                 +41 22 908 1199 
 Nicholas Myerson - Chief Executive 
  Officer 
 
 finnCap Ltd                                   +44 (0) 20 7220 0500 
 Stuart Andrews 
  Christopher Raggett

This information is provided by RNS

The company news service from the London Stock Exchange

END

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