Last checked at 28 Nov 2011 07:00
Hummingbird Resources plc
("Hummingbird" or the "Company") (AIM: HUM)
Director/PDMR Shareholding
Hummingbird Resources plc has been notified that on 25th November 2011 Giant Sable Corporation purchased, on behalf of Ian Cockerill's family trust, 40,000 ordinary shares in the Company at a price of £1.23 per share. Following this purchase, Ian Cockerill, a director of the Company, is now interested directly or indirectly in a total of 531,083 ordinary shares, representing approximately 1.00% of the issued ordinary share capital of the Company.
Additionally Hummingbird Resources plc has been notified that on 25th November 2011 Daniel Betts purchased 20,000 ordinary shares in the Company at a price of £1.225 per share. Following this purchase Daniel Betts, a director of the Company, is now interested directly or indirectly in a total of 4,376,648 ordinary shares, representing approximately 8.20% of the issued ordinary share capital of the Company.
The total number of ordinary shares currently in issue is 53,355,565, with options over a total of 4,430,000 ordinary shares outstanding.
ENDS
Enquiries:
Hummingbird Resources plc
Daniel Betts, Chief Executive Officer
Thomas Hill, Chief Financial Officer and Company Secretary
Robert Monro, Corporate Development +44 (0) 203 416 3560
Liberum Capital Limited
Nominated Adviser and Joint Broker
Tom Fyson / Richard Bootle +44 (0) 203 100 2222
Mirabaud Securities LLP
Joint Broker
Peter Krens +44 (0) 207 321 2508
Yellow Jersey PR Limited
Dominic Barretto
+44 (0) 7768 537739
Notes to Editors
Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Group has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia.
The Group's most advanced gold exploration has taken place in the Dugbe and Joe Village licences, with a recently upgraded gold resource at the Dugbe F Project of 43.01 million tonnes at 1.28 g/t Au to give 1,765,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade (Indicated Resource of 1,373,000 ounces of gold at 1.29 g/t Au and an Inferred Resource of 392,000 ounces of gold at 1.23 g/t Au). The exploration has been based on sound geological premises and has been executed in an efficient and practical manner according to best industry practices.
The Group currently holds exploration licences covering approximately 7,000 square kilometres in total, which constitutes a significant proportion of eastern Liberia containing the Birimian sequence.
For more information, please visit www.hummingbirdresources.co.uk