GCM Resources PLC - Resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - Provides update regarding the publication of audited financial statements for the year ended June 30 2023, and the funding process. As of December 28, GCM was still awaiting receipt of GBP300,000 in drawdown funds of loan facility with Polo Resources Ltd. Reports progress on both financial statements and funding process, looks to resolve both issues before the end of January 2024. Will make a further announcement in due course.
Current stock price: suspended in London, last closed at 2.65 pence on January 2
12-month change: down 39%
By Jeremy Cutler, Alliance News reporter
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GCM Resources (GCM)