- Published at
- by manilatimes.net
mixed
mixed
Hummingbird Resources PLC Files Early Warning Report
LONDON, March 06, 2025 (GLOBE NEWSWIRE) -- Hummingbird Resources PLC ('Hummingbird”), a West African gold mining company, announced today that in connection with the implementation of a take-over of Hummingbird pursuant to the UK Takeover Code (the 'Code”), Nioko Resources Corporation, a wholly-owned subsidiary of CIG SA, an investment company incorporated in Burkina Faso ('Nioko”) has currently received acceptances representing over 89% of the shares of Hummingbird to which the offer relates (the 'Hummingbird Shares”). Upon Nioko receiving 90% of such acceptances, it will be entitled to proceed with the compulsory acquisition of the remaining Hummingbird Shares pursuant to statutory squeeze-out rights. To the extent Nioko elects to exercise these statutory squeeze-out rights, Hummingbird would become a wholly-owned subsidiary of Nioko.