Shareholder Update

RNS Number : 0662E

Hummingbird Resources PLC

01 April 2011

 



Hummingbird Resources plc

("Hummingbird" or the "Company" or the "Group")

(AIM: HUM)

Shareholder update

As disclosed in the Company's AIM admission document dated 8 December 2010, a Significant Shareholder, Ruth Hubert, voluntarily undertook to the Company, its Nomad and Joint Brokers not to transfer or dispose of 3,987,630 shares prior to 10 June 2011 under a lock-in agreement. It has recently come to the Board's attention that in the period 25 February 2011 to 30 March 2011 this shareholder has sold 130,000 shares.

Hummingbird announces that, in conjunction with Liberum Capital Limited and Mirabaud Securities LLP acting as Nomad and Joint Broker respectively, with effect from 1 April 2011 it has agreed to waive the voluntary restrictions on transfers and disposals given by this shareholder under the lock-in agreement. Lock-in agreements with the Directors and management, and their relevant connected persons, remain in place as required by the AIM Rules, details of which are set out in the admission document.

Enquiries:

Hummingbird Resources plc

Daniel Betts, Chief Executive Officer

Thomas Hill, Chief Financial Officer and Company Secretary [phone]

Liberum Capital Limited

Nominated Adviser and Joint Broker

Tom Fyson / Richard Bootle+44 (0)20 3100 2222

Mirabaud Securities LLP

Joint Broker

Peter Krens [phone]

Threadneedle Communications Limited

Graham Herring /Beth Harris [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 licences are prospective for gold, iron ore and other minerals.

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.

The Group's most advanced gold exploration has taken place in the Dugbe, Zia and Jababli licence areas, with Dugbe Block F with a recently confirmed gold resource of 20.90 million tonnes at 1.208 g/t to give 812,000 oz Au using a cutoff grade of 0.5 g/t. The exploration has been based on sound geological premises and has been executed in an efficient and practical manner according to best industry practices.

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

 

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