News: Admission to Trading on AIM

Admission to Trading on AIM

Published on 10 Dec, 2010

Placing of £30.1 million (US$47.2 million) on IPO

·    Admission to AIM with a market capitalisation of approximately £89.1 million
·    Placing of new and existing ordinary shares at 167p per share, raising £25.5 million (US$40.0 million) for the Company and raising £4.6 million (US$7.2 million) for certain selling shareholders, following high demand for the shares
·    Proceeds to be used to fund the next phase of exploration in Liberia, to discover further significant gold resources and for working capital
·    NI 43-101 resource of 812koz gold defined at the Company’s flagship Dugbe F project, Liberia (summary of resources for AIM disclosure)
·    Strong management team, including Chairman Ian Cockerill, former CEO of Gold Fields

Hummingbird Resources plc (AIM: HUM), a gold focussed exploration company with assets in Liberia, West Africa, today announces the successful completion of a placing (the “Placing”) raising £25.5 million (US$40 million) for the Company, before expenses, and £4.6 million (US$7.2 million) for certain selling shareholders. Admission of the entire issued share capital of the Company to trading on AIM is expected to commence at 8.00am today (“Admission”). Liberum Capital Limited acted as Nomad and joint broker on the Placing and Mirabaud Securities LLP acted as joint broker.


News Archive