Hummingbird raises £3.5m for prospective Yanfolila gold play

West African gold explorer Hummingbird Resources has raised £3.5-million, before expenses, through the placing of 10.6-million new ordinary shares at 33p apiece, with the funds destined to advance its 1.8-million-ounce Yanfolila gold project, in Mali, to near-term production and for working capital purposes.  Application would be made to the LSE to have the shares admitted to trading on the Aim on June 30. Following Admission, the company would have a total of 105.3-million ordinary shares in issue.