REG - Hummingbird Res. - Result of General Meeting, Director Dealing & TVR

Hummingbird ResourcesAnnouncement

13/03/2023 15:00

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RNS Number : 7925S  Hummingbird Resources PLC  13 March 2023

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

 

13 March 2023

Hummingbird Resources plc

("Hummingbird" or the "Company")

Result of General Meeting, Director Dealing and TVR

Hummingbird Resources plc (AIM: HUM) is pleased to announce that the
Resolutions were duly passed at its General Meeting held earlier today.

 

As detailed in the 10 March 2023 update, with the Resolutions now passed at
the General Meeting, the sum of the CIG Investment, the Subscription and the
Open Offer, results in total gross proceeds for the Company of c.US$17.1
million.

Admission and Total Voting Rights

Application has been made to the LSE for the admission of the 117,724,008 CIG
Second Tranche Shares, 15,150,000 Subscription Shares and 7,920,997 Open Offer
Shares to trading on AIM, which is expected to take effect on or around 14
March 2023 (''Admission'').

 

Following Admission, the Company's issued share capital will consist of
596,568,699 Ordinary Shares, all with voting rights. The Company currently
does not hold shares in treasury. The total number of voting rights in the
Company following Admission is therefore 596,568,699, which may be used which
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in the Company under the FCA's Disclosure Guidance
and Transparency Rules.

PDMR Notification

As previously announced, Thomas Hill, Finance Director of the Company,
subscribed for 83,339 Open Offer Shares. Following such subscription, Thomas
Hill is beneficially interested in 491,574 Ordinary Shares, representing
approximately 0.08 per cent. of the Company's issued share capital following
Admission.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

  1.   Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Thomas Hill
 2.    Reason for the Notification
 a)    Position/status                                              Finance Director
 b)    Initial notification/amendment                               Initial notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer, or auction monitor
 a)    Name                                                         Hummingbird Resources Plc
 b)    LEI                                                          213800PBYMQ6Z2D7UZ96
 4.    Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
       where transactions have been conducted
 a)    Description of the Financial instrument, type of instrument  Ordinary Shares of 1 penny each
       Identification code                                          GB00B60BWY28
 b)    Nature of the Transaction                                    Purchase of Ordinary Shares
 c)    Transfer Price(s) and volume(s)                              Price(s)             Volume(s)
                                                                    7.79 pence purchase  83,339
 d)    Aggregated information                                       N/A, single transaction

       Aggregated volume Price
 e)    Date of the transaction                                      13/03/2023
 f)    Place of the transaction                                     London

d)

Aggregated information

Aggregated volume Price

N/A, single transaction

e)

Date of the transaction

13/03/2023

f)

Place of the transaction

London

 

 

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold production, development and exploration Company,
member of the World Gold Council and founding member of Single Mine Origin
(www.singlemineorigin.com). The Company currently has two core gold projects,
the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in
Guinea, which will more than double current gold production when in
production, scheduled for first gold pour the end of Q2 2023. Further, the
Company has a controlling interest in the Dugbe Gold Project in Liberia that
is being developed by Pasofino Gold Limited through an earn-in agreement. The
final feasibility results on Dugbe showcase 2.76Moz in Reserves and strong
economics such as a 3.5-year capex payback period once in production, and a
14-year life of mine at a low AISC profile. Our vision is to continue to grow
our asset base, producing profitable ounces, while central to all we do being
our Environmental, Social & Governance ("ESG") policies and practices.

 

For further information, please visit hummingbirdresources.co.uk
(https://www.hummingbirdresources.co.uk/)  or contact:

 

 Daniel Betts, CEO       Hummingbird Resources plc  Tel: +44 (0) 20 7409 6660

 Thomas Hill, FD

 Edward Montgomery, CD
 James Spinney           Strand Hanson Limited      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer          Nominated Adviser

 James Asensio           Canaccord Genuity Limited  Tel: +44 (0) 20 7523 8000

 Gordon Hamilton         Broker
 Bobby Morse             Buchanan                   Tel:  +44 (0) 20 7466 5000

 Oonagh Reidy            Financial PR/IR            Email: HUM@buchanan.uk.com

 George Cleary

 

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