Hummingbird Resources Receives Unconditional Offer from Nioko

Hummingbird Resources ( (GB:HUM) ) has provided an update.

Hummingbird Resources has announced the publication of an offer document following an agreement with Nioko Resources Corporation for a recommended all-cash offer to acquire the entire issued share capital of Hummingbird. With Nioko already holding 71.8% of Hummingbird’s shares, the offer will proceed unconditionally and is expected to remain open until February 3, 2025. Upon reaching a 75% stake, Nioko plans to delist Hummingbird from AIM, which could impact the liquidity and marketability of Hummingbird’s shares.

More about Hummingbird Resources

Hummingbird Resources PLC is a leading gold-producing company with multiple assets across various jurisdictions. It operates the Yanfolila Gold Mine in Mali and the Kouroussa Gold Mine in Guinea, and holds a controlling interest in the Dugbe Gold Project in Liberia, which is being developed by Pasofino Gold Limited. The company focuses on growing its asset base and producing profitable gold ounces while maintaining strong Environmental, Social & Governance (ESG) policies.

YTD Price Performance: 18.18%

Average Trading Volume: 4,904,846

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £43.53M

Learn more about HUM stock on TipRanks’ Stock Analysis page.