TIDMGCM

RNS Number : 2904T

GCM Resources PLC

11 October 2017

11 October 2017

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)

Status of Nominated Adviser

Further to the announcement released by the London Stock Exchange on 10 October 2017, GCM Resources plc ("GCM" or the "Company"), confirms that the London Stock Exchange has decided to remove the nominated adviser status of the Company's nominated adviser, ZAI Corporate Finance Limited on 19 October 2017 for failure to meet the Exchange's continuing eligibility obligations for nomads contained at Rule 2 of the AIM Rules for Nominated Advisers.

Under Rule 1 of the AIM Rules, the Company is required to have a nominated adviser at all times and accordingly a replacement nominated adviser must be found by 19 October 2017 to avoid temporary suspension. It is the Company's duty to inform that in the event that a nominated adviser is not found by 20 November 2017 admission of the Company's shares to trading on AIM would be cancelled.

The Board of Directors of GCM Resources plc would like to reassure its shareholders that a new nominated adviser is being actively sought.

For further information:

 
 
   GCM Resources plc 
   James Hobson 
   Finance Director 
   +44 (0) 20 7290 1630 
 ZAI Corporate Finance 
  Ltd 
  Nominated Adviser and 
  Broker 
  John Treacy, Tim Cofman 
  +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

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(END) Dow Jones Newswires

October 11, 2017 03:06 ET (07:06 GMT)

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