Update on OECD examination

RNS Number : 0959K

GCM Resources PLC

20 June 2014

 

20 June 2014

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM) 

Update on OECD examination

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, notes information disclosed in a publication by the OECD Watch in respect of the OECD examination announced by the Company on 14 June 2013. The information disclosed has been embargoed by the UK National Contact Point ("NCP") to the OECD, until its formal publication of an update, expected early next week.

The Company is pleased to report that the NCP has concluded its examination in respect of the Company. The results are currently embargoed, pending a review into the NCP's procedures as requested by the complainant following their apparent dissatisfaction with the outcome of the examination, which was disclosed to the parties.

GCM looks forward to communicating the final results of the NCP examination to its shareholders once the review of NCP's procedures has concluded, expected within the next quarter.

Michael Tang, Executive Chairman commented: "GCM has fully cooperated with the NCP and been completely transparent in providing all information requested to facilitate a thorough analysis. We appreciate the professional and impartial approach taken by the NCP over the last 18 months, and look forward to a successful and early conclusion to the examination."

For further information:

GCM Resources plc James Hobson CFO & Company Secretary  [phone]	Bell Pottinger Public Relations Lorna Cobbett / Joanna Boon [phone]
ZAI Corporate Finance Ltd Nominated Adviser and Broker Tom Price [phone]

GCM Resources plc
Tel: [phone]
[e-mail]; www.gcmplc.com

 

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