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19 Jun 2008 11:14
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18Β June 2008
GCM RESOURCES PLC
("GCMΒ Resources" or the "Company")
ISSUE OF EQUITY
GCMΒ ResourcesΒ (AIM: GCM)Β today announces thatΒ warrants have been exercised over 2,150,000 new Ordinary Shares of 10p each, at a price of 75p. Application has been made to the London Stock Exchange for these shares to be admitted to trading onΒ AIM, which is expected to take place onΒ Tuesday 24th June 2008.
The total number of Ordinary Shares in issue following this issueΒ will beΒ 50,956,024.
For Further Information:
GCM Resources plc: Pelham Public Relations:
Steve BywaterΒ Charles Vivian
Chief ExecutiveΒ Ph: +44 (0)207 743 6672
Ph: +44 (0)207 290 1630 Email: charles.vivian@pelhampr.com
Graham TaggartΒ Klara Kaczmarek
Finance DirectorΒ Ph: +44 (0)203 159 4395
Ph: +44 (0)207 290 1630 Email: klara.kaczmarek@pelhampr.com
JP Morgan CazenoveΒ
Nominated Advisor
Michael Wentworth-Stanley
Ph: +44 (0)207 588 2828
Charlotte Keenan
Ph: +44 (0)207 588 2828
Notes to Editors:
About GCM Resources plc:
GCM Resources plc is a London based company quoted on the London Stock Exchange's Alternative Investment Market ("AIM"). The Company is strategically focused on coal and related investments across a range of geographical locations including: South Africa, Bangladesh and China with the aim of sourcing potential opportunities that offer near return whilst mitigating risk through the development of a diverse portfolio of assets. Primarily focused on the exploration and development of coal depositsΒ at Phulbari in Bangladesh,Β the Company also targets related infrastructure such as power plants and telecommunications networks to build on related areas of the coal mining industry and support local development.
For further information: www.gcmplc.com
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