Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
22 October 2024
Hummingbird Resources plc
("Hummingbird", the "Group" or the "Company")
Pasofino Announces Update on Private Placement
Hummingbird Resources plc (AIM: HUM) is pleased to note the successful completion of Pasofino Gold Limited's ("Pasofino") non-brokered private placement, which raised gross proceeds of approximately
Pasofino, which Hummingbird holds a controlling interest in, has secured subscription agreements for the full 4,806,767 units at a price of
The closing of the offering is subject to conditional approval by the TSX Venture Exchange and is expected to take place shortly. All securities issued under the offering will be subject to a four-month and one-day hold period from the closing date, in accordance with applicable Canadian securities regulations.
As previously disclosed, Hummingbird did not participate in the fundraise but will retain its majority shareholding (reduced from 53% to c.50.4%) with the full allotment secured, and therefore a controlling stake in this potential world-class development project.
Further details can be found in the announcement by Pasofino via the following link - www.pasofinogold.com
**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
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 |
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 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.