1st February 2013
GCM Resources plc
(the "Company" or "GCM Resources")
(AIM:GCM)
Sale of investment
GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, announces that its investment in Polo Resources Limited was sold yesterday.
The 74.8 million shares held in Polo Resources representing 2.7% were sold as one block to a Malaysian based investor, realising £1.9m. GCM has made a total return including dividends amounting to £2.8 million on its original investment.
For further information:
GCM Resources plc Gerard Holden Non-Executive Chairman +44 (0) 20 7290 1630 | Pelham Bell Pottinger Lorna Spears / Joanna Boon +44 (0) 20 7861 3232 |
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley +44 (0) 20 7588 2828 | Investec Investment Banking Chris Sim +44 (0) 20 7071 4300 |
GCM Resources plc | |
Tel: +44 (0) 20 7290 1630, Fax: +44 (0) 20 7290 1631 | |
[email protected]; www.gcmplc.com |