Hummingbird Resources PLC Exercise of Warrants (3949Q)
11 September 2017 - 10:45PM
UK Regulatory
TIDMHUM
RNS Number : 3949Q
Hummingbird Resources PLC
11 September 2017
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
Hummingbird Resources plc ("Hummingbird Resources" or
"Hummingbird" or "the Company")
Exercise of Warrants
Hummingbird Resources (AIM: HUM) announces that, pursuant to the
receipt of a notice of exercise in respect of 750,000 warrants, it
has today issued 750,000 ordinary shares in the Company at the
exercise price of 22p per share (the "New Ordinary Shares"). The
Company has received GBP165,000 in cash as consideration for the
New Ordinary Shares.
Application has been made for the New Ordinary Shares, which
will rank pari passu with the existing Ordinary Shares, to be
admitted to trading on AIM and it is expected that this will take
place on or around 14 September 2017 ("Admission").
Following Admission, the Company will have 343,991,250 ordinary
shares in issue with each share carrying the right to one vote.
There are no shares currently held in treasury. The total number of
voting rights in the Company therefore will be 343,991,250 and this
figure may be used by shareholders as the denominator for the
calculations by which they determine if they are required to notify
their interest in, or a change to their interest in, the Company
under the Financial Conduct Authority's Disclosure Rules and
Transparency Rules.
**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
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
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
MSCBDGDCGSBBGRB
(END) Dow Jones Newswires
September 11, 2017 08:45 ET (12:45 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