Last checked at 19 Jun 2008 11:14
18 June 2008
GCM RESOURCES PLC
("GCM Resources" or the "Company")
ISSUE OF EQUITY
GCM Resources (AIM: GCM) today announces that 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 on AIM, which is expected to take place on Tuesday 24th June 2008.
The total number of Ordinary Shares in issue following this issue will be 50,956,024.
For Further Information:
GCM Resources plc: Pelham Public Relations:
Steve Bywater Charles Vivian
Chief Executive Ph: +44 (0)207 743 6672
Ph: +44 (0)207 290 1630 Email: charles.vivian@pelhampr.com
Graham Taggart Klara Kaczmarek
Finance Director Ph: +44 (0)203 159 4395
Ph: +44 (0)207 290 1630 Email: klara.kaczmarek@pelhampr.com
JP Morgan Cazenove
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 deposits at Phulbari in Bangladesh, 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