Block Listing Six Monthly Return

RNS Number : 4016Z

Hummingbird Resources PLC

14 March 2017

 

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

14 March 2017

Hummingbird Resources plc

("Hummingbird" or the "Company")

Block Listing Six Monthly Return

Hummingbird Resources plc (AIM: HUM), the West African gold company, announces the following update relating to its block admission of shares to be issued to certain option holders upon the exercise by such option holders of options granted pursuant to the Company's share options schemes.

Application has been made for 7,772,568 ordinary shares to be admitted to the block admission pursuant to the issue of options during the period in review.  

Name of company:	Hummingbird Resources plc
Name of schemes:	The Hummingbird Resources plc - Unapproved Share Option Scheme, the Hummingbird Resources Limited EMI Share Option Plan 2010, Hummingbird Incentive Plan Performance Orientated and other share options
Period of return:	From: 11 September 2016 To: 13 March 2017
Balance under the schemes of securities not issued at the beginning of the period subject to the block admission:	5,494,000 ordinary shares
Number of securities issued under the schemes during the period:	Nil
Number of securities lapsed under the schemes during the period:	Nil
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:	13,266,568 ordinary shares
Number and class of securities originally admitted and the date of admission:	4,385,000 ordinary shares were admitted on 21 March 2012. A further 2,349,000 ordinary shares were admitted on 21 March 2014, 250,000 ordinary shares were admitted on 12 March 2015 and 7,772,568 ordinary shares were admitted on 13 March 2017.  The total number of ordinary shares admitted in respect to its block admission as detailed above are therefore 14,756,568.
Name of contact:	Thomas Hill, Company Secretary
Telephone number of contact:	[phone]

**ENDS**

For further information, please visit www.hummingbirdresources.co.uk or contact: 

Daniel Betts Thomas Hill Robert Monro	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer James Bellman	Strand Hanson Limited Nominated & Financial Adviser	Tel: [phone]
Jon Belliss	Beaufort Securities Limited Broker	Tel: [phone]
Lottie Brocklehurst Susie Geliher	St Brides Partners Ltd Financial PR/IR	Tel: [phone]

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 132,000oz of first full year's production for over US$70m of free cash flow at a US$1,250 gold price. 

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.

 

END

 

 

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