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ValiRx working on options to hold a meeting to vote on vital cash lifeline

The company adjourned the general meeting that was to be held on 25 March 2020 as a result of the COVID-19 situation

ValiRx PLC -

ValiRx PLC (LON:VAL) has said it is reviewing its options to reconvene a meeting to vote on resolutions that could lead to a cash lifeline for the company.

The cash-strapped firm is in discussions with a number of potential funders who have indicated conditional willingness to invest in the company in the event that certain resolutions are passed but the meeting that was called for March 25 to vote on these resolutions was adjourned as a result of the coronavirus (COVD-19) situation.

The company remains dependent on the support of its creditors in order to continue trading.

Quick facts: ValiRx PLC

Price: 7.25 GBX

AIM:VAL
Market: AIM
Market Cap: £2.61 m
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