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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gcm Resources Plc | LSE:GCM | London | Ordinary Share | GB00B00KV284 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.65 | -17.55% | 7.75 | 7.50 | 8.00 | 9.00 | 7.50 | 9.00 | 3,327,853 | 16:27:44 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Coal Mining Services | 0 | -1.32M | -0.0056 | -13.84 | 18.43M |
TIDMGCM
RNS Number : 6336N
GCM Resources PLC
21 January 2019
21 January 2019
GCM Resources plc
("GCM" or the "Company")
(AIM:GCM)
Nominated Adviser Status Update
GCM Resources plc, an AIM quoted mining and energy company, announces that, further to the notification on 1 November 2018 with regard to Northland's relinquishment of its nominated adviser ("Nomad") status, the Company has identified a replacement Nomad. Due diligence is advanced and the Company is confident that the replacement Nomad will be appointed prior to the 1 February 2019 deadline.
For further information:
GCM Resources plc Northland Capital Partners Ltd James Hobson Nominated Adviser and Broker Finance Director Matthew Johnson, Jamie Spotswood +44 (0) 20 7290 1630 +44 (0) 20 3861 6625 GCM Resources plc Tel: +44 (0) 20 7290 1630 info@gcmplc.com; www.gcmplc.com
About GCM Resources
GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the Project) in north-west Bangladesh.
Utilising the latest highly energy efficient power generating technology the Phulbari coal mine is capable of supporting power plants of up to 6,000MW. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company has a strategy of combining the Company's mine proposal with up to 6,000MW of power generation, together with credible, internationally recognised strategic partners. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
January 21, 2019 04:46 ET (09:46 GMT)
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