Directors Dealings

RNS Number : 5667K

Hummingbird Resources PLC

17 April 2015

 

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

17 April 2015

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

Directors Dealings

Hummingbird Resources plc (AIM: HUM), the multi-project gold company, announces that certain directors of the Company and their connected parties have subscribed in the Open Offer as announced on 15 April 2015, and purchased units consisting of one ordinary share in the Company and half a warrant at 30p per unit as follows:

Director	Shareholding prior to subscription		Units subscribed for in the Open Offer	Shareholding following subscription	Warrants following admission	% of issued share capital held following Admission
Russell King	50,000		3,955	53,955	1,977	0.06
Stephen Betts *1, 2	673,500		39,042	712,542	19,521	0.75
Daniel Betts *2, 3	4,611,048		23,101	4,634,149	11,551	4.89
Thomas Hill *4	92,617		15,618	108,235	7,809	0.11

* 1. Stephen Betts's interests consist of shares held by Stephen Betts, shares held by Caroline Betts, shares held by Stephen Betts & Sons Limited, and shares held by the Stephen Betts & Sons Limited (Self Administered) Pension Scheme.

* 2. Shares held by Stephen Betts & Sons Limited and shares held by Stephen Betts & Sons Limited (Self Administered) Pension Scheme are included in both Stephen Betts's and Daniel Betts's beneficial interests.

* 3. Daniel Betts's interest consists of shares held by Daniel Betts, shares held by Stephen Betts & Sons Limited, and shares held by the Stephen Betts & Sons Limited (Self Administered) Pension Scheme.

* 4. Thomas Hill's interest includes contracts for difference over 5,000 ordinary shares, shares held directly, shares which are held in his pension, and 23,933 ordinary shares which are owned by his wife.

For the purpose of these calculations the total number of shares in issue for the Company is 94,777,473.

**ENDS**

Enquiries:

Hummingbird Resources plc
Daniel Betts, Chief Executive Officer
Thomas Hill, Finance Director
Robert Monro, Head of Business Development	[phone]
Cantor Fitzgerald Europe
Nominated Adviser and Corporate Broker
Stewart Dickson / Jeremy Stephenson	[phone]
St Brides Partners
Financial PR
Lottie Brocklehurst/Felicity Winkles/Hugo de Salis	[phone]

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

 

END

 

 

RDSLLFEISSIDLIE