Hummingbird Resources plc will cancel its shares from trading after its major creditor Nioko Resources Corporation secured 75% or more of the company’s issued ordinary share capital.
The move follows Hummingbird’s increasing debt, challenges at the Yanfolila gold mine in southern Mali, and delays at Kouroussa in Guinea which placed “significant strain” on its balance sheet.
The final day of trading on AIM of the company’s shares will be on 28 February followed by cancellation of the shares expected on or shortly after 7am on 3 March 2025.
Hummingbird will re-register as a private company.