Last checked at 14 Mar 2017 10:27
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
14 March 2017
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 options schemes.
Application has been made for 7,772,568 ordinary shares to be admitted to the block admission pursuant to the issue of options during the period in review.
Name of company: | Hummingbird Resources plc
|
Name of schemes: | The Hummingbird Resources plc - Unapproved Share Option Scheme, the Hummingbird Resources Limited EMI Share Option Plan 2010, Hummingbird Incentive Plan Performance Orientated and other share options
|
Period of return: | From: 11 September 2016
To: 13 March 2017
|
Balance under the schemes of securities not issued at the beginning of the period subject to the block admission:
| 5,494,000 ordinary shares |
Number of securities issued under the schemes during the period:
| Nil |
Number of securities lapsed under the schemes during the period:
| Nil |
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:
| 13,266,568 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 and 7,772,568 ordinary shares were admitted on 13 March 2017. The total number of ordinary shares admitted in respect to its block admission as detailed above are therefore 14,756,568.
|
Name of contact:
| Thomas Hill, Company Secretary |
Telephone number of contact: | +44 (0) 203 416 3560
|
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0) 20 3416 3560 |
James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited Nominated & Financial Adviser | Tel: +44 (0) 20 7409 3494
|
Jon Belliss | Beaufort Securities Limited Broker | Tel: +44 (0) 20 7382 8300 |
Lottie Brocklehurst Susie Geliher | St Brides Partners Ltd Financial PR/IR | Tel: +44 (0) 20 7236 1177 |
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 near-term production Yanfolila Gold Project in Mali and the Dugbe Gold Project in Liberia. It is currently building Yanfolila targeting first production by end of 2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential. The high-grade gold project has low operating costs of US$695/oz AISC with 132,000oz of first full year's production for over US$70m of free cash flow at a US$1,250 gold price.
The 4.2Moz Dugbe Gold Project in Liberia provides Hummingbird with excellent development upside. An optimisation of the DFS is on-going whilst Yanfolila is brought to production in the near-term. Additionally, the Company has 4,000km2 highly prospective exploration ground in Mali and Liberia and is constantly evaluating new quality assets.