Last checked at 24 Mar 2015 07:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
24 March 2015
Hummingbird Resources plc ("Hummingbird Resources" or the "Company")
Posting of Circular
Hummingbird Resources plc (AIM: HUM), the multi-project gold company, announces a general meeting of the Company to be held at 11 a.m. on 15 April 2015 at the offices of Gowlings (UK) LLP, 15th floor, Old Broad Street, London EC2N 1AR. A circular (the "Circular"), containing information in relation to the Capital Raising and convening the General Meeting, is expected to be sent to shareholders today. The Circular will be available on the Company's website at www.hummingbirdresources.co.uk in due course.
Terms used in this announcement shall have the meanings given to them in the Circular and are incorporated into this announcement by reference.
Enquiries:
Hummingbird Resources plc | |
Daniel Betts, Chief Executive Officer | |
Thomas Hill, Finance Director | |
Robert Monro, Head of Business Development | +44 (0) 203 416 3560 |
Hannam & Partners (Advisory) LLP | |
Financial Adviser | |
Rupert Fane / Andrew Chubb | +44 (0) 207 907 8500
|
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