REG - Hummingbird Res. - Increases Taurus Debt Facility <Origin Href="QuoteRef">HUMR.L</Origin>

Hummingbird ResourcesAnnouncement

14/02/2017 07:00

RNS Number : 7672W
Hummingbird Resources PLC
14 February 2017
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
14 February 2017
Hummingbird Resources plc ('Hummingbird' or 'the Company')
Increases Taurus Debt Facility
Hummingbird Resources plc (AIM: HUM), announces that, further to the Company's announcement on 6 December 2016 regarding, inter alia, agreement to increase the existing bridge loan in place between the Company and Taurus Funds Management Pty Limited ("Taurus") from US$15 million to US$25 million, these additional funds have now been fully drawn down. 
**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
James Spinney
Ritchie Balmer
James Bellman
Strand Hanson Limited
Nominated & Financial Adviser 
Tel: +44 (0) 20 7409 3494 
Jon Belliss
Beaufort Securities Limited
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 132,000oz 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
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