GCM Resources Regulatory News (GCM)

18 December 2019

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM) 

AGM Adjourned

GCM Resources plc, announces that, in accordance with the intention expressed in its announcement of 16 December 2019, the AGM, held earlier today, has been adjourned.

Notice of a revised time and date for the reconvened AGM will be notified in due course and the Board anticipates that this reconvened AGM will be held no later than 29 February 2020.

All defined terms used in this announcement shall have the meaning given to them in the RNS announcement of 16 December 2019 unless otherwise defined herein.

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 is capable of supporting power plants of up to 6,000MW. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company has a strategy of combining the Company's mine proposal with up to 6,000MW of power generation, together with credible, internationally recognised strategic partners. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.