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Proposed Debt Restructuring and Statement Regarding Possible Offer...
07 Nov, 2024 08:49 173 min read
Further to its announcement on 1 November 2024, Hummingbird (AIM: HUM) provides an update regarding ongoing discussions with its primary lenders, Coris (the "Lenders") and CIG SA ("CIG"), and the Company's largest shareholder Nioko Resources Corporation ("Nioko", and together with Coris and CIG, the "Coris Parties"), in relation to the Company's liquidity position, a proposed debt restructuring, a partial debt-to-equity conversion and a possible offer for all of the shares issued and to be issued in the Company not owned by Nioko (the "Proposals").... More