Interesting27 Jan 2020 17:14
5. USE OF PROCEEDS
On completion of the Proposed Disposal, Ormonde will remain committed to and active in its trading business, which is the evaluation, development and potential acquisition of mineral assets, and will have sufficient working capital for its present requirements.
Ormonde will retain its exploration and development assets in Spain, being the Salamanca and Zamora Gold Projects and its assets relating to the La Zarza Copper-Gold Project. Following completion of the Proposed Disposal, the Board will assess options to maximise value for Shareholders for these assets in the medium term. Further information on these assets can be found on the Company’s website,