GCM Resources PLC Nominated Adviser Status Update (6336N)
January 21 2019 - 4:46AM
UK Regulatory
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.
END
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