Source - RNS
RNS Number : 2555L
Hummingbird Resources PLC
29 September 2016
 

 

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

 

29 September 2016

 

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

Holdings in Company

 

Hummingbird Resources (AIM: HUM) has today been notified by Lindine Inc. that it has sold 15,000,000 shares on 28 September 2016 at a price of 26 pence per share.  As a result, Lindine Inc. currently holds 16,103,425 shares, representing approximately 4.7% of the Company's total issued share capital. 

 

**ENDS**

 

For further information please visit www.hummingbirdresources.co.uk or contact: 

 

Daniel Betts

Thomas Hill

Robert Monro

Hummingbird Resources plc

Tel: +44 (0) 20 3416 3560




Charlie Cryer

Oliver Morse

 

 

RFC Ambrian Ltd

Nominated Adviser and Joint Broker

Tel: +44 (0) 20 3440 6800 / +61 (0) 8 9480 2500

 




Jon Belliss

Beaufort Securities Limited

Joint Broker

Tel: +44 (0) 20 7382 8300




Lottie Brocklehurst

Susie Geliher

 

St Brides Partners Ltd

Financial PR/IR

Tel: +44 (0) 20 7236 1177

 

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 Gold Project in Liberia.  It is currently building Yanfolila targeting first production by end of 2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential.  The high grade gold project has low operating costs of US$695/oz AISC with 132,000ozs of first full year's production. 

 

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 4,000km2 highly prospective exploration ground in Mali and Liberia and is constantly evaluating new quality assets.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLDMGZLKLNGVZM

Related Charts

Hummingbird Resources (HUM)

0.00 (0.00%)
delayed 18:15PM