Hummingbird, Orosur, Blencowe Resources, Amaroq, Tharisa
Hummingbird Resources shares lifted 36% in early trade on Thursday on the news that it entered into a conditional binding subscription agreement with CIG and Nioko Resources for the issuance of, in aggregate, 863,079,491 new ordinary shares in the company of nominal value £0.01 at a price of 2.6777p/share. The issue of the subscription shares facilitates the conversion of approximately £23.1 million of existing loan facilities provided by CIG into equity, Hummingbird explained.
2%-owned Bibemi gold project in Cameroon, where BCM International has acquired an initial 10% interest and is earning up to a further 40% interest by spending up to $4 million on exploration. A fully funded Phase 5 diamond drilling program is currently underway at the project, where a mineral resource estimate of 375,000oz contained gold, grading 2.30gpt gold, was announced in January of this year.
SAFELOOP Orosur Mining Blencowe Tharisa Mine Amaroq Nalunaq Oriole Resources
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