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Investegate |GCM Resources PLC Announcements | GCM Resources PLC: Share issue


 
GCM Resources plc, a
n AIM quoted mining and energy company
, announces the issuance of new ordinary shares of 1 pence each in the capital of the Company ( Ordinary Shares ) as payment of consulting fees in accordance with the consultancy agreement announced on 26 October 2018 and extended on 29 June 2020, with Dyani Corporation Limited (

Dyani
) (the Dyani Agreement ), and in accordance with the consultancy agreement announced on 4 September 2019, with DG Infratech Pte Ltd (

DG
) (the

DG Agreement

) (together, the Agreements )
.
 
The Agreements provide that new Ordinary Shares would be awarded to Dyani and DG in the event that certain key milestones were reached in respect of formally securing the interest of Chinese State-owned enterprises to partner in the Phulbari Coal and Power Project.  Detail ....

Bangladesh General , City Of , United Kingdom , James Joyce , James Sinclair Ford , Keith Fulton , Company Ordinary , Wh Ireland Ltd , London Stock Exchange , Dyani Corporation Limited The Agreement , Dg Infratech Pte Ltd , Company Under Chapter , Construction Co Ltd , Dyani Corporation Limited , Pte Ltd , Ordinary Shares , Chinese State Owned , Phulbari Coal , Dyani Agreement , Framework Agreement , China Nonferrous Metal Industry , Foreign Engineering , Following Admission , Transparency Rules , Power Project , பங்களாதேஷ் ஜநரல் ,

Investegate |GCM Resources PLC Announcements | GCM Resources PLC: Project Update


About GCM Resources
GCM Resources plc (LON: GCM), an 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.
 
Utilising 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 coal-fired electricity in the country, in a manner amenable to the Government of Bangladesh. ....

Bangladesh General , James Joyce , James Sinclair Ford , Michael Tang , Keith Fulton , Power Construction Corporation Of China Ltd Powerchina , Wh Ireland Ltd , Development Partners , Key Development Partners , Construction Co , Phulbari Coal , Power Project , Nonferrous Metal Industry , Foreign Engineering , Framework Agreement , Construction Corporation , Investegate Announcements , Investegate Company Announcements , Gcm Resources Plc , Regulatory News Service , Regulatory News Service And , பங்களாதேஷ் ஜநரல் , ஜேம்ஸ் மகிழ்ச்சி , ஜேம்ஸ் சின்க்ளேர் ஃபோர்ட் , மைக்கேல் டாங் , கேய்ட் ஃபுல்டன் ,

Investegate |GCM Resources PLC Announcements | GCM Resources PLC: Extension of JV Agreements with PowerChina


About GCM Resources
GCM 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.
 
Utilising 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. ....

Bangladesh General , Datuk Michael Tang , James Joyce , James Sinclair Ford , Keith Fulton , Power Construction Corporation Of China Powerchina , Wh Ireland Ltd , Joint Venture Agreements , Power Construction Corporation , Fired Power Plant Project , Power Plant , Phulbari Coal , Power Project , Investegate Announcements , Investegate Company Announcements , Gcm Resources Plc , Regulatory News Service , Regulatory News Service And , பங்களாதேஷ் ஜநரல் , ஜேம்ஸ் மகிழ்ச்சி , ஜேம்ஸ் சின்க்ளேர் ஃபோர்ட் , கேய்ட் ஃபுல்டன் , வ் ஐயர்ல்யாஂட் லிமிடெட் , பவர் கட்டுமானம் நிறுவனம் , நீக்கப்பட்டார் பவர் ஆலை ப்ராஜெக்ட் , பவர் ஆலை ,