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Teathers Financial (TEA)

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Friday 19 June, 2015

Teathers Financial

New Investment in Hummingbird Resources Plc

RNS Number : 6048Q
Teathers Financial PLC
19 June 2015
 

19 June 2015

 

Teathers Financial Plc

("Teathers" or the "Company")

Investment in Hummingbird Resources Plc

                     

Teathers, the AIM quoted Investing Company with an Investing Policy to invest in AIM quoted companies either on flotation, through secondary offerings or by purchasing shares in the market and unquoted companies, joint ventures or projects which the Board believes will be seeking a quotation on AIM within 12 to 18 months of such investment, is pleased to announce that it has made the following investment on 18 June 2015 in accordance with its Investing Policy:

Investment of £25,000 in cash in Hummingbird Resources Plc ("Hummingbird")

Teathers has purchased 75,758 ordinary shares of 1 pence each in the capital of Hummingbird through a broker which participated in the placing announced by Hummingbird on 17 June 2015 (representing approximately 0.07 per cent. of the enlarged issued share capital of Hummingbird) at a price of 33p per share.  

 

AIM traded Hummingbird (AIM: HUM) is a West African gold exploration and development company. Further information on Hummingbird can be found on its website at www.hummingbirdresources.co.uk.

 

The audited accounts of Hummingbird for the 7 months ended 31 December 2014 show a loss before tax of US$3,382,000 (audited 12 month to 31 May 2014: loss before tax of US$4,466,000) on revenues of zero (audited 12 month to 31 May 2014: zero). As at 31 December 2014 Hummingbird had audited net assets of US$67,876,000.

 

 

For further information please contact:

 

Teathers Financial Plc


Jason Drummond, Executive Chairman

Tel: 0207 148 3008

 

Beaumont Cornish Limited (Nominated Adviser & Joint Broker)


Roland Cornish / Emily Staples

Tel: 0207 628 3396



Peterhouse Corporate Finance (Joint Broker)


Lucy Williams / Duncan Vasey 

 

Tel: 020 7469 0936

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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