GCM Resources PLC Board Constitution
29 February 2024 - 2:53AM
RNS Regulatory News
RNS Number : 8421E
GCM Resources PLC
28 February 2024
GCM
Resources plc
("GCM" or
the "Company")
Board
Constitution
GCM Resources plc (LON:GCM), an AIM
quoted mining and energy company,
announces that further to the recent resignation
of its non-executive Chairman, it has identified candidates for a
replacement Non-executive Chair and a further non-executive
director.
The Company and its nominated
adviser are conducting due diligence checks and it is hoped the
Company can announce the replacements once these checks are
concluded.
This announcement contains inside
information as defined in Article 7 of the EU Market Abuse
Regulation No 596/2014 and has been announced in accordance with
the Company's obligations under Article 17 of that
Regulation.
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GCM
Resources plc
Keith Fulton
Finance Director
+44 (0) 20 7290
1630
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WH
Ireland Ltd
James Joyce
James Bavister
Andrew De Andrade
+44 (0) 20 7220 1666
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GCM Resources plc
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Tel: +44 (0) 20 7290 1630
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info@gcmplc.com;
www.gcmplc.com
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About GCM Resources
GCM Resources plc (LON:GCM), the AIM
listed mining and energy company, has identified a high-quality
coal resource of 572 million tonnes (JORC 2004 compliant) at the
Phulbari Coal and Power Project (the "Project") in north-west
Bangladesh.
Utilising the latest highly energy
efficient power generating technology the Phulbari coal mine can
support some 6,600MW. GCM requires approval from the Government of
Bangladesh in order to develop the Project. The Company has a
strategy of linking the Company's mine proposal to supplying coal
to the Government of Bangladesh's existing and in the pipeline
coal-fired power plants and / or power plants developed development
partners. Together with credible, internationally recognised
strategic development partners, GCM aims to deliver a practical
power solution to provide the cheapest coal-fired electricity in
the country, in a manner amenable to the Government of
Bangladesh.
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END
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