Hummingbird Resources PLC - gold miner with operations in Mali, Guinea and Liberia - Says Nioko Resources Corp wishes to waive the remaining conditions of the takeover offer and to declare the offer unconditional. Hummingbird says it expects the offer document to be published on or before January 13. Nioko intends to proceed with delisting Hummingbird.

Hummingbird Interim Chief Executive Officer Geoff Eyre says: ‘I am delighted that Nioko has taken this step to waive all remaining conditions in connection with the offer which can now proceed quickly to completion. This will enable the much needed cost savings, operational improvements and recovery of the business to be implemented expeditiously and efficiently under Nioko’s control.’

Current stock price: 2.58 pence, up 5.7% on Friday afternoon in London

12-month change: down 75%

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