Hummingbird Resources (GB:HUM) has released an update.
Hummingbird Resources acknowledges Pasofino Gold Limited’s initiative to raise up to $2.5 million via a non-brokered private placement, aimed at funding the Dugbe Gold Project in Liberia and supporting other ongoing ventures. Despite not participating in this raise, Hummingbird will retain a majority stake in the project, with their shareholding marginally decreasing to approximately 50.4%. The company also notes the strategic board appointment of Brett Richards, a veteran with over 37 years in mining, as a Non-Executive Director to bolster Pasofino’s project development.
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