REG - GCM Resources PLC - Change of Nominated Adviser and Joint Broker

GCM ResourcesAnnouncement

15/07/2024 07:00

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RNS Number : 2634W  GCM Resources PLC  15 July 2024

GCM Resources plc

("GCM" or the "Company")

 

Change of Nominated Adviser and Joint Broker

 

GCM Resources plc, the AIM traded mining and energy company announces its
Nominated Adviser and Joint Broker has changed to Zeus Capital Limited with
immediate effect.

 

This change follows completion of the acquisition by Zeus Capital Limited of
the WH Ireland Capital Markets Division (from WH Ireland Limited), announced
earlier today.

 

 

For further information:

 GCM Resources plc                              Zeus Capital Limited (Nominated Adviser & Joint Broker)

 Keith Fulton                                   James Joyce

 Finance Director                               James Bavister

  +44 (0) 20 7290 1630                          Andrew De Andrade

                                                +44 (0) 203 829 5000
 GCM Resources plc
 Tel: +44 (0) 20 7290 1630
 info@gcmplc.com; www.gcmplc.com (about:blank)  Axis Capital Markets Ltd ( Joint Broker)
                                                Ben Tadd/Lewis Jones
                                                +44 (0) 203 026 0320

 

 

About GCM Resources

GCM Resources plc (LON:GCM), the AIM traded 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 can support some 6,600MW. GCM requires approval from the
Government of Bangladesh in order to develop the Project. The Company has a
strategy of linking the Company's mine proposal to supplying coal to the
Government of Bangladesh's existing and in the pipeline coal-fired power
plants and / or power plants developed development partners. Together with
credible, internationally recognised strategic development partners, GCM aims
to deliver a practical power solution to provide the cheapest coal-fired
electricity in the country, in a manner amenable to the Government of
Bangladesh.

 

 

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