29 Sep 2016 16:50
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
29 September 2016
Hummingbird Resources plc ("Hummingbird Resources" or "the Company")
Holdings in Company
Hummingbird Resources (AIM: HUM) has today been notified by Lindine Inc. that it has sold 15,000,000 shares on 28 September 2016 at a price of 26 pence per share. As a result, Lindine Inc. currently holds 16,103,425 shares, representing approximately 4.7% of the Company's total issued share capital.
**ENDS**
For further information please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0) 20 3416 3560 |
Charlie Cryer Oliver Morse
| RFC Ambrian Ltd Nominated Adviser and Joint Broker | Tel: +44 (0) 20 3440 6800 / +61 (0) 8 9480 2500
|
Jon Belliss | Beaufort Securities Limited Joint Broker | Tel: +44 (0) 20 7382 8300 |
Lottie Brocklehurst Susie Geliher
| 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. It is currently building Yanfolila targeting first production by end of 2017, 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 low operating costs of US$695/oz AISC with 132,000ozs of first full year's production.
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.
Hummingbird (HUM)