Brief: Hummingbird Resources Says Nioko Intends To Delist Hummingbird Shares From AIM

Hummingbird Resources

06/11/2024 17:48

Nov 6 (Reuters) - Hummingbird Resources PLC  HUMR.L :
    * HUMMINGBIRD RES.  - DEBT RESTRUCTURING & STATEMENT RE
POSSIBLE
OFFER
    * HUMMINGBIRD RESOURCES PLC - BOARD AGREES IN PRINCIPLE TO
DEBT-TO-EQUITY CONVERSION BY CIG
    * HUMMINGBIRD RESOURCES PLC - GEOFF EYRE APPOINTED AS
INTERIM CEO
OF HUMMINGBIRD
    * HUMMINGBIRD RESOURCES PLC - NIOKO'S SHAREHOLDING TO
INCREASE TO
ABOUT 71.8% AFTER IMPLEMENTATION OF PROPOSED CONVERSION
    * HUMMINGBIRD RESOURCES PLC - NIOKO INTENDS TO DELIST
HUMMINGBIRD
SHARES FROM AIM, POST COMPLETION OF PROPOSED DEBT-TO-EQUITY
CONVERSION
    * HUMMINGBIRD RESOURCES PLC: UNDER CIG PROPOSAL, AMOUNT
OUTSTANDING UNDER NEW CIG LOAN WOULD BE CONVERTED INTO SHARES AT
2.6777 PENCE/SHARE
    * HUMMINGBIRD RESOURCES PLC - LENDERS DEFERRING
APPROXIMATELY $30M
IN REPAYMENTS DUE ON 31 OCTOBER 2024

Source text:  ID:nRSF2429La 
Further company coverage:  HUMR.L 

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