14th Jun 2016 08:31
LONDON (Alliance News) - Hummingbird Resources PLC on Tuesday said it has agreed to extend the deadline for applications under its overallotment option following its share placing to June 17.
Earlier this month, the West African gold company said it had raised GBP45.8 million through a share placing to fund construction at its Yanfolila gold project in Mali.
In response to investor enquiries, Hummingbird has now agreed with RFC Ambrian Ltd to extend the deadline for applications under the overallotment option of up to 31.3 million shares at 22 pence each to June 17 from June 13.
Following this extension, results of the overallotment option will be announced on June 20.
Shares in Hummingbird were trading down 3.2% at 22.50 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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