ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

GCM.GB GCM Resources Plc

8.015
-1.49 (-15.63%)
14:32:08 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
GCM Resources Plc AQSE:GCM.GB Aquis Stock Exchange Ordinary Share GB00B00KV284
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.49 -15.63% 8.015 8.00 8.50 9.00 7.155 9.00 1,569,407 14:32:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

GCM Resources PLC Memorandum of Understanding (0050P)

11/11/2016 12:45pm

UK Regulatory


GCM Resources (AQSE:GCM.GB)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more GCM Resources Charts.

TIDMGCM

RNS Number : 0050P

GCM Resources PLC

11 November 2016

11(th) November 2016

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)

Memorandum of Understanding

Mine-Mouth Power Plants

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, is pleased to announce that a memorandum of understanding ("MOU") has been agreed with China Gezhouba Group International Engineering Co. Ltd ("CGGCINTL").

The MOU provides for parties to engage and mutually investigate the feasibility of a joint venture with respect to the development of mine-mouth coal fired power plants generating up to 2,000MW in total at the Phulbari Coal and Power Project site.

CGGCINTL is a subsidiary of China Gezhouba Group Corporation (CGGC), which in turn is a core member of China Energy Engineering Group Co., Ltd., a super central state-owned enterprise of the People's Republic of China. CGGC's businesses cover the design, construction, investment and operation in power, water conservancy, highways, railways, bridges, municipal works, airports, ports, waterways, industrial and civil buildings, as well as real estate and coal mining amongst others.

The Executive Chairman of GCM, Datuk Michael Tang, stated: "We are delighted to have established this relationship with China Gezhouba Group International Engineering Co. Ltd, one of the largest and most respected engineering companies in the region and look forward to working with them for the mutual benefit of both parties."

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

For further information:

 
 GCM Resources plc          Bell Pottinger 
  James Hobson               Greg Wood 
  CFO & Company Secretary    +44 (0) 20 3772 2500 
  +44 (0) 20 7290 1630 
 ZAI Corporate Finance 
  Ltd 
  Nominated Adviser and 
  Broker 
  Peter Trevelyan-Clark, 
  John Treacy 
  +44 (0) 20 7060 2220 
 
 
 GCM Resources plc 
 Tel: +44 (0) 20 7290 1630 
 info@gcmplc.com; www.gcmplc.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFSFLSLLLIR

(END) Dow Jones Newswires

November 11, 2016 07:45 ET (12:45 GMT)

1 Year GCM Resources Chart

1 Year GCM Resources Chart

1 Month GCM Resources Chart

1 Month GCM Resources Chart

Your Recent History

Delayed Upgrade Clock