Last checked at 19 Oct 2015 07:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
19 October 2015
Hummingbird Resources plc ('Hummingbird' or 'the Company')
Warrant Exercise & Total Voting Rights
Hummingbird Resources plc (AIM: HUM), the West African gold company, announces that application has been made for 79 new ordinary shares of 1 pence each to be admitted to trading on AIM pursuant to the exercise of warrants (the "Warrant Exercise"). The warrants have an exercise price per share of 33 pence.
The 79 new ordinary shares issued pursuant to the Warrant Exercise will rank pari passu with the Company's existing ordinary shares and admission to trading on AIM is expected to take place on 23 October 2015 ("Admission").
Total Voting Rights
Following Admission, the issued share capital of the Company consists of 106,952,469 ordinary shares of 1 pence each. The Company does not hold any shares in treasury.
Accordingly, the total voting rights in the Company is 106,952,469. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.
**ENDS**
Enquiries:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0) 203 416 3560 |
Samantha Harrison Jonathan Williams
| RFC Ambrian Limited 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 Felicity Winkles Hugo de Salis | St Brides Partners Ltd Financial PR/IR | Tel: +44 (0) 20 7236 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 Gold 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 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 US$75 million debt facility has been agreed with Taurus Mining and mine construction is now underway with the aim of commencing production in 2016.
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 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