Director/PDMR Shareholding

RNS Number : 4716T

Hummingbird Resources PLC

07 December 2011

 

Hummingbird Resources plc

("Hummingbird" or the "Company") (AIM: HUM)

Director/PDMR Shareholding

Hummingbird Resources plc was notified yesterday that, on 5^th December 2011, Stephen Betts purchased 25,000 ordinary shares in the Company, Caroline Betts (his wife) purchased 25,000 ordinary shares in the Company, and Stephen Betts & Sons Limited purchased 100,000 shares in the Company, at a price of £1.185 per share. 

Following these purchases Stephen Betts, a director of the Company, is now interested directly or indirectly in a total of 539,100 ordinary shares, representing approximately 1.01% of the issued ordinary share capital of the Company.   Additionally Daniel Betts, a director of the Company, is now interested directly or indirectly in a total of 4,476,648 ordinary shares, representing approximately 8.39% of the issued ordinary share capital of the Company. 

The total number of ordinary shares currently in issue is 53,355,565, with options over a total of 4,430,000 ordinary shares outstanding.

ENDS

Enquiries:

Hummingbird Resources plc

Daniel Betts, Chief Executive Officer

Thomas Hill, Chief Financial Officer and Company Secretary

Robert Monro, Corporate Development [phone]

Liberum Capital Limited

Nominated Adviser and Joint Broker

Tom Fyson / Richard Bootle [phone]

Mirabaud Securities LLP

Joint Broker

Peter Krens [phone]

Yellow Jersey PR Limited

Dominic Barretto

[phone]

Notes to Editors

Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Group has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia.

The Group's most advanced gold exploration has taken place in the Dugbe and Joe Village licences, with a recently upgraded gold resource at the Dugbe F Project of 43.01 million tonnes at 1.28 g/t Au to give 1,765,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade (Indicated Resource of 1,373,000 ounces of gold at 1.29 g/t Au and an Inferred Resource of 392,000 ounces of gold at 1.23 g/t Au). The exploration has been based on sound geological premises and has been executed in an efficient and practical manner according to best industry practices.

The Group currently holds exploration licences covering approximately 7,000 square kilometres in total, which constitutes a significant proportion of eastern Liberia containing the Birimian sequence.

For more information, please visit www.hummingbirdresources.co.uk

 

END

 

 

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