Last checked at 28 Dec 2018 11:27
28 December 2018
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)
Results of the Annual General Meeting
GCM Resources plc, an AIM quoted mining and energy company, reports that at the annual general meeting held today, all of the ordinary and special resolutions as set out in the Notice of this meeting were passed on a show of hands and no polls were taken.
For further information:
GCM Resources plc James Hobson Finance Director +44 (0) 20 7290 1630
| Northland Capital Partners Ltd Nominated Adviser and Broker Matthew Johnson, Jamie Spotswood +44 (0) 20 3861 6625 |
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GCM Resources plc | |||
Tel: +44 (0) 20 7290 1630 | |||
info@gcmplc.com; www.gcmplc.com | |||
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.