Warrant Exercise & Total Voting Rights

RNS Number : 2440Y

Hummingbird Resources PLC

07 September 2015

 

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

7 September 2015

Hummingbird Resources plc ("Hummingbird Resources" or "the Company")

Warrant Exercise & Total Voting Rights

Hummingbird Resources, the multi-project gold company, announces that application has been made for 559 new ordinary shares of 1 pence each to be admitted to trading on AIM pursuant to the exercise of warrants (the "Warrant Exercise"). The warrants have an exercise price per share of 33 pence.

The 559 new ordinary shares issued pursuant to the Warrant Exercise will rank pari passu with the Company's existing ordinary shares and admission to trading on AIM is expected to take place on 9 September 2015 ("Admission").

Total Voting Rights

Following Admission, the issued share capital of the Company consists of 106,952,390 ordinary shares of 1 pence each.  The Company does not hold any shares in treasury.

Accordingly, the total voting rights in the Company is 106,952,390.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.

How to Exercise Warrants

Warrant holders wishing to exercise their warrants should complete the necessary details on the back of the warrant certificate and return the original certificate to the Company Secretary together with a cheque for the exercise consideration.  Shareholders wishing to settle the exercise consideration by bank transfer should contact the Company Secretary at the number below (or by email at [e-mail]). 

Enquiries:

Daniel Betts Thomas Hill Robert Monro	Hummingbird Resources plc	Tel: [phone]
Stewart Dickson  Jeremy Stephenson	Cantor Fitzgerald Europe Nominated Adviser and Joint Broker	Tel: [phone]
Jon Belliss	Beaufort Securities Limited Joint Broker	Tel: [phone]
Lottie Brocklehurst Felicity Winkles Hugo de Salis	St Brides Partners Ltd Financial PR/IR	Tel: [phone]

Notes to Editors

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 development project in Liberia.  Its current focus is on bringing Yanfolila, which has a 1.8Moz gold inventory, to production in 2016.  The high grade gold project has the potential to turn a profit in a varying gold price environment and will allow for quick returns with low operating costs.  A US$75 million debt facility has been agreed with Taurus Mining and mine construction is now underway with the aim of commencing production in 2016.

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 5,000km² highly prospective exploration ground in Mali and Liberia and is constantly evaluating new quality assets.

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

 

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