23/12/2010 The London Stock Exchange welcomes Hummingbird Resources plc to AIM
The London Stock Exchange welcomes Hummingbird Resources plc, a gold focussed exploration company with assets in Liberia, West Africa, (ticker: HUM), to mark the first day of trading in its shares on AIM. This follows Hummingbirds IPO which included a placing of £25.5 million, the market capitalisation of Hummingbird Resources immediately following Admission will be approximately £89.1 million.
Hummingbird Resources plc is a mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Group has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective geological region of eastern Liberia. The Group’s licences are prospective for gold, iron ore and other minerals.
Daniel Betts, CEO of Hummingbird Resources, commented:
“The highly prospective region of Eastern Liberia represents one of the most exciting mineral exploration areas in West Africa and our position as holder of the largest area of mineral exploration ground in the region provides an excellent opportunity for substantial resource growth. Hummingbird draws on the experience of over 250 years of family involvement in precious metals. Work to date has already defined a total NI 43-101 compliant resource of 812,000 Oz gold at the Dugbe licence.
“The funds raised in connection with today’s admission to AIM will help the Company further develop through the continued and systematic exploration of its licence areas. We aim to improve our understanding of the targets we have already identified and to discover further significant gold resources in the region.”
Liberum Capital Limited and Mirabaud Securities LLP are Joint Broker to the Company.