Hummingbird Resources PLC — Capital/Financing Update 2015

Mar 24, 2015

National Storage Mechanism | Additional information

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RNS Number : 2486I

Hummingbird Resources PLC

24 March 2015

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

24 March 2015

Hummingbird Resources plc ("Hummingbird Resources" or the "Company")

Posting of Circular

Hummingbird Resources plc (AIM: HUM), the multi-project gold company, announces a general meeting of the Company to be held at 11 a.m. on 15 April 2015 at the offices of Gowlings (UK) LLP, 15th floor, Old Broad Street, London EC2N 1AR. A circular (the "Circular"), containing information in relation to the Capital Raising and convening the General Meeting, is expected to be sent to shareholders today. The Circular will be available on the Company's website at www.hummingbirdresources.co.uk in due course.

Terms used in this announcement shall have the meanings given to them in the Circular and are incorporated into this announcement by reference.

Enquiries:

Hummingbird Resources plc
Daniel Betts, Chief Executive Officer
Thomas Hill, Finance Director
Robert Monro, Head of Business Development	+44 (0) 203 416 3560
Hannam & Partners (Advisory) LLP
Financial Adviser
Rupert Fane / Andrew Chubb	+44 (0) 207 907 8500
Cantor Fitzgerald Europe
Nominated Adviser and Corporate Broker
Stewart Dickson / Jeremy Stephenson	+44 (0) 207 894 7000
St Brides Partners
Financial PR
Lottie Brocklehurst/Felicity Winkles/Hugo de Salis	+44 (0) 207 236 1177

Notes to Editors

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 project in Mali and the Dugbe development project in Liberia. Its current focus is on bringing Yanfolila, which has a 1.8Moz gold inventory, to production in H1 2016.  The high grade gold project has the potential to turn a profit in a varying gold price environment and will allow for quick returns with low operating costs. A mandate setting out the key terms of a proposed US$75 million debt facility has been agreed with Taurus Mining and initial mine construction is expected to commence in H1 2015.

The 4.2Moz Dugbe 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 5,000km2 highly prospective exploration ground in Mali and Liberia and is constantly evaluating new quality assets.

For more information, please visit www.hummingbirdresources.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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