RE: New RNS8 Feb 2023 21:46
Ormonde Mining PLC - cash shell, former Dublin-based mineral resource company - To be deleted from the FTSE AIM All-Share Index on February 13. On Tuesday, it was reported that the company was temporarily suspended from trading on AIM. It became a cash shell in October 2022 and was therefore required to announce an acquisition that would be a reverse takeover. On Tuesday, it reported that it acquired a 20% stake in Peak Nickel Ltd for GBP450,000, was granted an option to invest a further GBP4 million in cash in PNL, taking its stake to 49.9%, and to buy the remaining 80% of PLN through the issue of Ormonde ordinary shares.