Herencia Resources 'not aware of reason' for share spike

Shares in AIM minnow Herencia Resources spiked on Thursday but the company could not come up with any explanation.

The multi-commodity resources company, which closed the prior session at 0.45p and then rose to the giddy heights of 0.1p on Thursday, only offered the nugget that it intended to issue performance related share options to its directors "in due course".

Herencia said its current corporate position remained as set out in the announcements dated 24 October 2017, when Herencia executed term sheets for the provision of $300,000 of funding provided from key shareholders.

On that same day the company signed the Pastizal milestone agreement with Consultoria y Services Mineros S.A. concerning the issue of 1.25bn shares in the company for a funding of $1.23m announced on 27 April 2017.