Business
Nominated Adviser Status
Nominated Adviser Status.
About this update from Gcm Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0168G GCM Resources PLC 01 November 2018 \n\n1st November 2018\nGCM Resources plc\n(\"GCM\" or the \"Company\")\n(LON:GCM) \n \nNomad status\n \n \nGCM Resources plc (LON:GCM), an AIM quoted mining and energy company, have been informed that its nominated adviser, Northland Capital Partners (\"Northland\") has voluntarily agreed to relinquish its nominated adviser status and will be removed from the register of nominated advisers with effect from 7am on 1 February 2019.\n \nIn accordance with AIM Rule 1, if the Company fails to appoint a new nominated adviser by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. If the Company has failed to appoint a replacement nominated adviser by 4 March 2019 the admission of its AIM Securities will be cancelled. \n \n \n \n\n \nFor further information:\n\n\n\n\n\n \nGCM Resources plc\nJames Hobson\nFinance Director \n +44 (0) 20 7290 1630\n \n\n\n \nNorthland Capital Partners Ltd\nNominated Adviser and Broker\nMatthew Johnson\nJamie Spotswood\n+44 (0) 20 3861 6625\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nGCM Resources plc\n\n\n \n\n\n\n\nTel: +44 (0) 20 7290 1630\n\n\n \n\n\n\n\[email protected]; www.gcmplc.com\n\n\n \n\n\n\n \n \n \n \n\n\n\n \n\n \n\nAbout GCM Resources\nGCM Resources plc (LON:GCM), the AIM listed 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. \n \nUtilising the latest highly energy efficient power generating technology the Phulbari coal mine is capable of supporting power plants of up to 6,000MW. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company has a strategy of combining the Company's mine proposal with up to 6,000MW of power generation, together with credible, internationally recognised strategic partners. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.\n\n \n\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct ...