StockMarketWire.com - Nickel prospector Bellzone Mining said it was mulling an asset sale to stay afloat after talks with its major shareholder to raise equity fell through.

Largest shareholder Hudson Global Group had Monday informed the company that it was no longer considering providing any additional funding, Bellzone said.

The company said it was now looking to 'monetise' its Konta Port asset in Guinea with an interested party.

'The company's working capital position remains tight and there remains the risk that unless further funds are sourced in the very near term then the company will need to invoke an insolvency procedure,' Bellzone said.

'Whilst the company pursues this opportunity as a means of avoiding an insolvency procedure, it has requested and been granted a suspension of the trading of its shares on AIM pending clarification of its financial position.'


At 1:58pm: [LON:BZM] Bellzone Mining PLC share price was 0p at 0.25p



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