REG - GCM Resources PLC - Nominated Adviser Status Update

GCM ResourcesAnnouncement

21/01/2019 09:50

RNS Number : 6336N
GCM Resources PLC
21 January 2019
 


21 January 2019
 
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM) 
 
Nominated Adviser Status Update
 
GCM Resources plc, an AIM quoted mining and energy company, announces that, further to the notification on 1 November 2018 with regard to Northland's relinquishment of its nominated adviser ("Nomad") status, the Company has identified a replacement Nomad.  Due diligence is advanced and the Company is confident that the replacement Nomad will be appointed prior to the 1 February 2019 deadline.  
 
 
 

 
For further information:




GCM Resources plc
James Hobson
Finance Director
 +44 (0) 20 7290 1630
 


Northland Capital Partners Ltd
Nominated Adviser and Broker
Matthew Johnson, Jamie Spotswood
+44 (0) 20 3861 6625


 












 




GCM Resources plc








Tel: +44 (0) 20 7290 1630








info@gcmplc.com; www.gcmplc.com













 

 

About GCM Resources
GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the Project) in north-west Bangladesh.
Utilising the latest highly energy efficient power generating technology the Phulbari coal mine is capable of supporting power plants of up to 6,000MW. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company has a strategy of combining the Company's mine proposal with up to 6,000MW of power generation, together with credible, internationally recognised strategic partners. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.

 

 




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