Last checked at 11 Mar 2016 07:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
11 March 2016
Hummingbird Resources plc ('Hummingbird' or 'the Company')
Block Listing Six Monthly Return
Hummingbird Resources plc (AIM: HUM), the West African focused gold development 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:
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, and other share options |
Period of return: | From: 11 September 2015 To: 11 March 2016 |
Balance under the schemes of securities not issued at the beginning of the period subject to the block admission: | 5,660,000 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: | 61,000 ordinary shares |
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission: | 5,599,000 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 and 250,000 ordinary shares were admitted on 12 March 2015. The total number of ordinary shares admitted in respect to its block admission as detailed above are therefore 6,984,000. |
Name of contact: | Thomas Hill, Company Secretary |
Telephone number of contact: | +44 (0) 203 416 3560
|
**ENDS**
For further information please visit the Hummingbird website www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0) 203 416 3560 |
Charlie Cryer Samantha Harrison
| RFC Ambrian Ltd Nominated Adviser and Joint Broker | Tel: +44 (0) 203 440 6800
|
Jon Belliss | Beaufort Securities Limited Joint Broker | Tel: +44 (0) 20 7382 8300 |
Lottie Brocklehurst Susie Geliher Hugo de Salis | 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. Its current focus is on bringing Yanfolila, 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 the potential to turn a profit in a varying gold price environment and will allow for quick returns with low operating costs.
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.