Brief: Asaplus Resources responds to ASX Query

Asaplus Resources

17/05/2016 01:53

May 17 (Reuters) - Asaplus Resources Ltd  AJY.AX : 
 * Company does not expect that it will not have sufficient cash to fund its 
   activities" 
 * Company's existing funds is sufficient to meet its funding requirements for 
   2q16" 
 * Company is also in discussions with local banks in China to secure small 
   working capital financing line as standby source of funds" 
 * Company expects to have positive cash flows in 3q16 due to expected proceeds 
   from private placement of new securities" 
 
* Source text for Eikon  ID:nASX2zLclF  
 
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