Cash-strapped ASA Resource Group suspends trading on AIM

July 28, 2017

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Cash-strapped diversified miner ASA Resource Group has suspended the trading of its ordinary shares on the Alternative Investment Market, with effect from 11:00 on Friday morning. The Africa-focused miner attributed its cash constraints to currency restrictions imposed by the Reserve Bank of Zimbabwe, which have worsened since the company announced in April that, following internal investigations, significant funds had been remitted from operating subsidiaries in Zimbabwe that were not properly accounted for.

Category: General