CSA Global congratulates Hummingbird Resources on the result of their General Meeting, Voting Rights and fundraising efforts announced on June 20 2016.
Hummingbird Resources plc (AIM: HUM), the West African gold company, is pleased to announce that at its General Meeting held earlier today, shareholders duly approved all the resolutions put before them allowing the Company to complete the Placing and Subscription for construction at the Yanfolila Gold Project in Mali as announced on 2 June 2016.
The Company also reports that it has exercised the Overallotment Option in respect of 16,795,829 shares. In total the Company has raised £49.5 million (approximately US$71 million) under the Placing, Subscription and Overallotment Option (all as defined in the circular to shareholders dated 2 June 2016) through the issue of a total of 225,188,781 shares at 22 pence per share.
The Company has agreed to issue 402,966 finders warrants exercisable at 22p until 21 June 2019 in connection with the fundraising. Admission of the new shares to trading on AIM is expected to occur on 21 June 2016.
Read full press release here.