May 17 (Reuters) - Asaplus Resources Ltd AJY.AX :
* Company does not expect that it will not have sufficient cash to fund its
activities"
* Company's existing funds is sufficient to meet its funding requirements for
2q16"
* Company is also in discussions with local banks in China to secure small
working capital financing line as standby source of funds"
* Company expects to have positive cash flows in 3q16 due to expected proceeds
from private placement of new securities"
* Source text for Eikon ID:nASX2zLclF
*