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17 Apr 2015 12:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
17 April 2015
Hummingbird Resources plc ("Hummingbird Resources" or the "Company")
Directors Dealings
Hummingbird Resources plc (AIM: HUM), the multi-project gold company, announces that certain directors of the Company and their connected parties have subscribed in the Open Offer as announced on 15 April 2015, and purchased units consisting of one ordinary share in the Company and half a warrant at 30p per unit as follows:
Director | Shareholding prior to subscription | Units subscribed for in the Open Offer | Shareholding following subscription | Warrants following admission | % of issued share capital held following Admission | |
Russell King | 50,000 | 3,955 | 53,955 | 1,977 | 0.06 | |
Stephen Betts *1, 2 | 673,500 | 39,042 | 712,542 | 19,521 | 0.75 | |
Daniel Betts *2, 3 | 4,611,048 | 23,101 | 4,634,149 | 11,551 | 4.89 | |
Thomas Hill *4 | 92,617 | 15,618 | 108,235 | 7,809 | 0.11 |
* 1. Stephen Betts's interests consist of shares held by Stephen Betts, shares held by Caroline Betts, shares held by Stephen Betts & Sons Limited, and shares held by the Stephen Betts & Sons Limited (Self Administered) Pension Scheme.
* 2. Shares held by Stephen Betts & Sons Limited and shares held by Stephen Betts & Sons Limited (Self Administered) Pension Scheme are included in both Stephen Betts's and Daniel Betts's beneficial interests.
* 3. Daniel Betts's interest consists of shares held by Daniel Betts, shares held by Stephen Betts & Sons Limited, and shares held by the Stephen Betts & Sons Limited (Self Administered) Pension Scheme.
* 4. Thomas Hill's interest includes contracts for difference over 5,000 ordinary shares, shares held directly, shares which are held in his pension, and 23,933 ordinary shares which are owned by his wife.
For the purpose of these calculations the total number of shares in issue for the Company is 94,777,473.
**ENDS**
Enquiries:
Hummingbird Resources plc | |
Daniel Betts, Chief Executive Officer | |
Thomas Hill, Finance Director | |
Robert Monro, Head of Business Development | +44 (0) 203 416 3560 |
Cantor Fitzgerald Europe | |
Nominated Adviser and Corporate Broker | |
Stewart Dickson / Jeremy Stephenson | +44 (0) 207 894 7000 |
St Brides Partners | |
Financial PR | |
Lottie Brocklehurst/Felicity Winkles/Hugo de Salis | +44 (0) 207 236 1177 |
Notes to Editors
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 project in Mali and the Dugbe development project in Liberia. Its current focus is on bringing Yanfolila, which has a 1.8Moz gold inventory, to production in H1 2016. 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. A mandate setting out the key terms of a proposed US$75 million debt facility has been agreed with Taurus Mining and initial mine construction is expected to commence in H1 2015.
The 4.2Moz Dugbe 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 5,000km2 highly prospective exploration ground in Mali and Liberia and is constantly evaluating new quality assets.
For more information, please visit www.hummingbirdresources.co.uk
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