Hummingbird Resources PLC — Share Issue/Capital Change 2014

Oct 7, 2014

National Storage Mechanism | Additional information

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RNS Number : 5861T

Hummingbird Resources PLC

07 October 2014

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR DISSEMINATION IN THE UNITED STATES OF AMERICA

7 October 2014

Hummingbird Resources plc

("Hummingbird Resources" or the "Company") (AIM: HUM)

US$3m Private Placement

Hummingbird Resources, a gold exploration and development company with assets in Mali and Liberia, is pleased to announce the successful placement of 4,100,000 new Ordinary Shares at a price of 45 pence per share, to raise £1,845,000 (before expenses).  The planned use of proceeds is for general corporate purposes. 

The Company understands that following the placing, Exploration Capital Partners 2000 Limited Partnership will be interested in 4,100,000 Ordinary Shares, representing approximately 4.8% of the issued share capital in the Company. Exploration Capital is a private investment fund managed by Resource Capital Investment Corp., part of the Sprott Group of Companies (TSX: SII).

These shares are expected to be admitted to trading on AIM ("Admission") on 8 October 2014. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that, following the Admission, it will have 84,843,267 Ordinary Shares of £0.01 each in issue, each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

The above figure of 84,843,267 Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

ENDS

Enquiries:

Hummingbird Resources plc
Daniel Betts, Chief Executive Officer
Thomas Hill, Finance Director
Robert Monro, Head of Business Development	+44 (0) 203 416 3560
Cantor Fitzgerald Europe
Nominated Adviser and Corporate Broker
Stewart Dickson / Jeremy Stephenson / Carrie Lun	+44 (0) 207 894 7000
FTI Consulting LLP
Financial PR
Ben Brewerton / Oliver Winters / Sara Powell	+44 (0) 203 727 1000

Notes to Editors

About Hummingbird Resources Plc

Founded in late 2005, Hummingbird Resources is a West African gold explorer and developer (AIM: HUM), which listed on AIM in December 2010 with a maiden National Instrument 43-101 compliant Resource of 0.8Moz gold in Liberia. Since IPO the Company has significantly grown its initial resource to 4.2Moz at its Dugbe 1 Project in Liberia, West Africa.  In July 2014 Hummingbird Resources acquired Gold Fields' gold assets in Mali. Hummingbird is now a multi-project, near-term producer with 6Moz of gold and 5,000 km2 of exploration ground.

For more information, please visit:

www.hummingbirdresources.co.ukwww.hummingbirdresources.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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