5th Jan 2009 10:30
5 January 2009
GCM Resources plc
Statement re Share Price Movement
GCM Resources plc ("the Company") notes the recent movements in its share price. As noted in the AGM Statement of 16 December 2008, the Company looks forward to working with the newly elected government of Bangladesh to move the Phulbari Coal Project forward.
The Company is not aware of any other factors that are giving rise to the share price increase. The Company will announce to the market any material developments of which it becomes aware.
GCM Resources plc
Stephen Bywater
Chief Executive
+44 (0) 20 7290 1630
Graham Taggart
Finance Director
+44 (0) 20 7290 1630
JPMorgan Cazenove
Nominated Adviser
Michael Wentworth-Stanley
Steve Baldwin
+44 (0) 20 7588 2828
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GCM Resources