Result of General Meeting

RNS Number : 0816L

Hummingbird Resources PLC

01 July 2014

 



1 July 2014

Hummingbird Resources plc

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

Result of General Meeting

The Board of Hummingbird is pleased to announce that at the General Meeting of the Company held today at 11.00 a.m. the proposed resolutions, as set out in the Circular dated 13 June 2014, have been approved by the shareholders.  As a result, 21,258,503 new ordinary shares of 1 pence each in the Company ("the Consideration Shares") will be issued and allotted to Gold Fields at an issue price of 56 pence in respect of the Company's acquisition of Gold Fields' mining and exploration interests in Mali. Application has been made for the Consideration Shares to be admitted to AIM and trading is expected to commence at 08.00 on Wednesday 2 July 2014 ("Admission") at which point the acquisition will become unconditional.

Upon Admission of the Consideration Shares, the Total Voting Rights of the Company will be 80,743,267. This figure may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Dan Betts, CEO of Hummingbird, said:

"We are delighted to finalise the acquisition and be welcoming Gold Fields as a major shareholder in Hummingbird. We have a clear strategy to build a multi-project gold company that has a portfolio of assets encompassing exploration, development and production. The acquisition, and in particular the Yanfolila Project, represents an important milestone in the execution of this strategy."

ENDS

Enquiries:

Hummingbird Resources plc

Daniel Betts, Chief Executive Officer
Thomas Hill, Finance Director
Robert Monro, Head of Business Development	[phone]
Cantor Fitzgerald Europe
Co-Financial Adviser, Nominated Adviser and Broker
Stewart Dickson / Jeremy Stephenson / Carrie Lun	[phone]
Strand Partners Co-Financial Adviser Neil Passmore / Andrew Chubb	[phone]
FTI Consulting LLP
Financial PR
Ben Brewerton / Oliver Winters / Sara Powell	[phone]

Notes to Editors

About Hummingbird Resources Plc

Founded in late 2005, Hummingbird Resources is a West African gold explorer and developer (AIM:HUM), which listed on AIM in December 2010 with a maiden N143-101 compliant Resource of 0.8Moz gold in Liberia. Since IPO the Company has significantly grown its initial resource to 4.2Moz at its Dugbe 1 Project in Liberia, West Africa.  With the recent acquisition of Gold Fields' gold assets in Mali, Hummingbird is now a multi-project, near-term producer with 6Moz of gold and 5,000 km² of exploration ground.

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

 

END

 

 

MSCUAAARSNABRAR