Last checked at 12 Mar 2018 13:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc ('Hummingbird' or 'the Company')
Block Listing Six Monthly Return
Hummingbird Resources plc (AIM: HUM), the West African gold company, announces the following update relating to its block admission of shares to be issued to certain option holders upon the exercise by such option holders of options granted pursuant to the Company's share option schemes.
Application has been made for an additional 363,636 ordinary shares to be admitted to the block admission tomorrow pursuant to the issue of options during the period in review.
Name of company: | Hummingbird Resources plc
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Name of schemes: | The Hummingbird Resources plc - Unapproved Share Option Scheme, the Hummingbird Resources Limited EMI Share Option Plan 2010, and other share options
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Period of return: | From: 11 September 2017 To: 12 March 2018
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Balance under the schemes of securities not issued at the beginning of the period subject to the block admission:
| 13,266,568 ordinary shares |
Number of securities issued under the schemes during the period:
| Nil ordinary shares |
Number of securities lapsed under the schemes during the period:
| Nil ordinary shares |
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:
| 13,630,204 ordinary shares |
Number and class of securities originally admitted and the date of admission: | 4,385,000 ordinary shares were admitted on 21 March 2012. A further: 2,349,000 ordinary shares were admitted on 21 March 2014, 250,000 ordinary shares were admitted on 12 March 2015, 7,772,568 ordinary shares were admitted on 13 March 2017 and 363,636 ordinary shares are to be admitted on 13 March 2018. The total number of ordinary shares admitted to date in respect to its block admission as detailed above is therefore 15,120,204.
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Name of contact:
| Thomas Hill, Company Secretary |
Telephone number of contact: | +44 (0)207 409 6660
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**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0)207 409 6660 |
James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited Nominated Adviser and Broker | Tel: +44 (0) 20 7409 3494
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Lottie Wadham Susie Geliher | St Brides Partners Ltd Financial PR/IR | Tel: +44 (0) 20 7236 1177 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is building a leading gold production, development and exploration company. The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia.
Yanfolila produced its first gold pour on time and budget in December 2017 and is expected to produce approximately 107,000oz gold/year on average over the Life of Mine. Yanfolila holds Probable Reserves of 709,800oz @ 3.14g/t, total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential.
The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 29% IRR and US$186m NPV.
In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of ~5,000km2 and a 34% interest in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.