Hummingbird Resources PLC Increases Taurus Debt Facility (7672W)
14 February 2017 - 6:00PM
UK Regulatory
TIDMHUM
RNS Number : 7672W
Hummingbird Resources PLC
14 February 2017
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
14 February 2017
Hummingbird Resources plc ('Hummingbird' or 'the Company')
Increases Taurus Debt Facility
Hummingbird Resources plc (AIM: HUM), announces that, further to
the Company's announcement on 6 December 2016 regarding, inter
alia, agreement to increase the existing bridge loan in place
between the Company and Taurus Funds Management Pty Limited
("Taurus") from US$15 million to US$25 million, these additional
funds have now been fully drawn down.
**ENDS**
For further information, please visit
www.hummingbirdresources.co.uk or contact:
Daniel Betts Hummingbird Resources Tel: +44 (0) 20
Thomas Hill plc 3416 3560
Robert Monro
-------------------- ----------------------- ----------------
James Spinney Strand Hanson Limited Tel: +44 (0) 20
Ritchie Balmer Nominated & Financial 7409 3494
James Bellman Adviser
-------------------- ----------------------- ----------------
Jon Belliss Beaufort Securities Tel: +44 (0) 20
Limited 7382 8300
Broker
-------------------- ----------------------- ----------------
Lottie Brocklehurst St Brides Partners Tel: +44 (0) 20
Susie Geliher Ltd 7236 1177
Financial PR/IR
-------------------- ----------------------- ----------------
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is building a leading gold
production, development and exploration company. The Company has
two core gold projects, the near-term production Yanfolila Gold
Project in Mali and the Dugbe Gold Project in Liberia. It is
currently building Yanfolila targeting first production by end of
2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total
Resources of 1.8Moz of gold and an additional 390,700oz of
non-compliant exploration potential. The high-grade gold project
has low operating costs of US$695/oz AISC with 132,000oz of first
full year's production.
The 4.2Moz Dugbe Gold Project in Liberia provides Hummingbird
with excellent development upside. An optimisation of the DFS is
on-going whilst Yanfolila is brought to production in the
near-term. Additionally, the Company has 4,000km(2) highly
prospective exploration ground in Mali and Liberia and is
constantly evaluating new quality assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBLGDDLSBBGRX
(END) Dow Jones Newswires
February 14, 2017 02:00 ET (07:00 GMT)
Hummingbird Resources (LSE:HUM)
Historical Stock Chart
From Apr 2024 to May 2024
Hummingbird Resources (LSE:HUM)
Historical Stock Chart
From May 2023 to May 2024