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 Keith Fulton Finance Director +44 (0) 20 7290 1630
|
Zeus Capital Limited (Nominated Adviser & Joint Broker) James Joyce James Bavister Andrew De Andrade +44 (0) 203 829 5000 |
| GCM Resources plc | |
| Tel: +44 (0) 20 7290 1630 | |
| info@gcmplc.com; www.gcmplc.com | 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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