Neos Resources (LON:NEOS) told investors that it continues to look for funding, but the business will not be treated as a going concern in the overdue accounts, for the year to June 30 2013.
The company said it is continuing talks with its two largest shareholders in connection with the funding requirements to remain a going concern.
“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 company said.
“The board continues to look at a number of opportunities to secure further funding.”