GCM Resources PLC Change of Adviser (7238T)
17 October 2017 - 12:27AM
UK Regulatory
TIDMGCM
RNS Number : 7238T
GCM Resources PLC
16 October 2017
16 October 2017
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)
Appointment of Nominated Adviser and Broker
Further to the Exchange's announcement of 10 October 2017 and
the Company's announcement of 11 October 2017 regarding the pending
removal of ZAI Corporate Finance Limited from the register of
nominated advisers, the Company wishes to announce it has appointed
Northland Capital Partners Limited ("Northland") as its nominated
adviser and broker. Given the particular circumstances, the
Exchange has agreed that Northland has until 5pm 19 December 2017
to finalise its due diligence and provide all relevant nominated
adviser confirmations to the Exchange.
There can be no guarantee that Northland will be able to
satisfactorily conclude its due diligence by 5pm 19 December 2017
or provide the relevant declaration to the Exchange. Accordingly,
in such circumstances there is a risk that the Company's AIM
securities will be suspended from trading on the Exchange on or
before 5pm on 19 December 2017 pursuant to AIM Rule 1. If within
one month of that suspension, the Company has failed to appoint a
replacement nominated adviser, the admission of its AIM securities
will be cancelled.
Notwithstanding the extension of time provided in respect of due
diligence obligations at engagement, Northland will continue to be
subject to all the ongoing nominated adviser responsibilities under
the AIM Rules for Nominated Advisers.
The Company and Northland are determined to complete the due
diligence process within the time frame that has been specified by
AIM and shareholders will be advised once the process has been
completed and relevant nominated adviser confirmations to the
Exchange have been made.
For further information:
GCM Resources plc
James Hobson
Finance Director
+44 (0) 20 7290 1630
Northland Capital Partners
Ltd
Nominated Adviser and
Broker
Tom Price
Matthew Johnson
+44 (0) 203 861 6625
GCM Resources plc
Tel: +44 (0) 20 7290 1630
info@gcmplc.com; www.gcmplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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