GCM Resources PLC Nominated Adviser Status (0168G)
November 01 2018 - 5:04AM
UK Regulatory
TIDMGCM
RNS Number : 0168G
GCM Resources PLC
01 November 2018
1(st) November 2018
GCM Resources plc
("GCM" or the "Company")
(LON:GCM)
Nomad status
GCM Resources plc (LON:GCM), an AIM quoted mining and energy
company, have been informed that its nominated adviser, Northland
Capital Partners ("Northland") has voluntarily agreed to relinquish
its nominated adviser status and will be removed from the register
of nominated advisers with effect from 7am on 1 February 2019.
In accordance with AIM Rule 1, if the Company fails to appoint a
new nominated adviser by 1 February 2019 the Exchange will suspend
trading in the Company's AIM Securities. If the Company has failed
to appoint a replacement nominated adviser by 4 March 2019 the
admission of its AIM Securities will be cancelled.
For further information:
GCM Resources plc Northland Capital Partners Ltd
James Hobson Nominated Adviser and Broker
Finance Director Matthew Johnson
+44 (0) 20 7290 1630 Jamie Spotswood
+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.
END
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