Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
1 November 2024
Hummingbird Resources plc
("Hummingbird", the "Group" or the "Company")
Corporate and Financing Update
Hummingbird (AIM: HUM) provides the following update on ongoing discussions with its primary lenders, Coris, and CIG SA ("CIG"), together with Nioko Resources Corporation ("Nioko"), the Company's largest shareholder and a wholly owned subsidiary of CIG (which is controlled by the same principal as Coris), concerning its liquidity position and the grant of short-term waivers.
On 27 September 2024, the Company announced the securing of a
The Company is in advanced discussions with Coris to partially restructure its outstanding debt and to reschedule payments due under its agreements with Coris. Following progress made in these discussions to date, Coris has agreed to defer payments totalling approximately
Further updates will be provided as and when appropriate.
**ENDS**
Notes to Editors:
Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing 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
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as retained in the
For further information, please visit hummingbirdresources.co.uk or contact:
Daniel Betts, CEO Thomas Hill, FD Edward Montgomery, CD |
Hummingbird Resources plc |
Tel: +44 (0) 20 7409 6660 |
James Spinney Ritchie Balmer David Asquith |
Strand Hanson Limited Nominated Adviser |
Tel: +44 (0) 20 7409 3494 |
James Asensio Charlie Hammond |
Canaccord Genuity Limited Broker |
Tel: +44 (0) 20 7523 8000 |
Bobby Morse Oonagh Reidy George Pope |
Buchanan Financial PR/IR |
Tel: +44 (0) 20 7466 5000 Email: HUM@buchanan.uk.com |
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