GCM Resources Issues New Shares to Consultants and Director

GCM Resources ( (GB:GCM) ) has issued an announcement.

GCM Resources has issued new ordinary shares to consultants and a director as payment for accrued fees. This issuance affects the company’s shareholdings, with Dyani Corporation, DG Infratech, and Keith Fulton receiving shares. The total share capital will now comprise 336,292,123 ordinary shares, with the new shares expected to be admitted to AIM by 10 April 2025.

More about GCM Resources

GCM Resources plc is an AIM-quoted mining and energy company focused on resource exploration and development. The company has identified a significant coal resource at the Phulbari Coal and Power Project in Bangladesh, aiming to supply coal to the country’s power plants, pending government approval.

YTD Price Performance: 43.24%

Average Trading Volume: 2,777,358

Technical Sentiment Signal: Strong Buy

Current Market Cap: £7.94M

For a thorough assessment of GCM stock, go to TipRanks’ Stock Analysis page.