Brief: Asaplus Resources responds to ASX query

Asaplus Resources

21/08/2017 03:38

Aug 21 (Reuters) - Asaplus Resources Ltd  AJY.AX  
    * Responds to asx query 
    * Commenced discussions with 2 potental investor groups on  
possible placement to raise further cash to fund its operatons 
    * Company expects to have negative operating cash flows for 
next quarter 
    * Expects its existing cash reserves to be sufficient to 
meet net operatng cash outflow 
    * Proceeds from placement will be used to fund group's 
development of a processing plant for beikeng mine 
 
Source text for Eikon:  ID:nASX1fr9dL  
Further company coverage:  AJY.AX  
 
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