Nominated Adviser Status

RNS Number : 0168G

GCM Resources PLC

01 November 2018

 

1^st November 2018

GCM Resources plc

("GCM" or the "Company")

(LON:GCM) 

Nomad status

GCM Resources plc (LON:GCM), an AIM quoted mining and energy company, have been informed that its nominated adviser, Northland Capital Partners ("Northland") has voluntarily agreed to relinquish its nominated adviser status and will be removed from the register of nominated advisers with effect from 7am on 1 February 2019.

In accordance with AIM Rule 1, if the Company fails to appoint a new nominated adviser by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. If the Company has failed to appoint a replacement nominated adviser by 4 March 2019 the admission of its AIM Securities will be cancelled.

For further information:

GCM Resources plc James Hobson Finance Director  [phone]	Northland Capital Partners Ltd Nominated Adviser and Broker Matthew Johnson Jamie Spotswood [phone]
GCM Resources plc
Tel: [phone]
[e-mail]; www.gcmplc.com

About GCM Resources

GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the Project) in north-west Bangladesh.

Utilising the latest highly energy efficient power generating technology the Phulbari coal mine is capable of supporting power plants of up to 6,000MW. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company has a strategy of combining the Company's mine proposal with up to 6,000MW of power generation, together with credible, internationally recognised strategic partners. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.

 

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