2 May 2014 10:46
2 May 2014
Ormonde Mining plc
("Ormonde" or "the Company")
Result of EGM
The Board of Ormonde is pleased to announce that the resolutions proposed to shareholders at the Company's Extraordinary General Meeting held in Dublin today were duly passed.
This enables the completion of tranche 2 (comprising 30,348,740 New Ordinary Shares "Tranche 2") of the Placing announced on 4 April, 2014.
Application has been made for the New Ordinary Shares comprised in Tranche 2 to be admitted to trading on the AIM market of the London Stock Exchange and the ESM market of the Irish Stock Exchange. It is expected that Tranche 2 of the Placing will complete and dealings in the New Ordinary Shares the subject of Tranche 2 will commence on 6 May, 2014.
The New Ordinary Shares to be issued under Tranche 2 of the Placing, when issued and fully paid, will be identical to, and rank pari passu with, the existing Ordinary Shares for all dividends or other distributions declared, made or paid after Admission.
Following the completion of Tranche 2 of the Placing, the Company will have 470,936,824 ordinary shares in issue.
Defined terms used in this announcement have the same meaning as in the announcement dated 4 April, 2014 relating to the Placing.
Enquiries to:
Ormonde Mining plc
Kerr Anderson, Managing Director Tel: +353 (0)1 8253570
Bankside Consultants
Simon Rothschild Mob: +44 (0)7703 167065
Murray Consultants
Mark Brennock Tel: +353 (0)1 4980300 Mob: +353 (0)87 2335923
Davy (Nomad / ESM Adviser)
Eugenée Mulhern / Roland French Tel: +353 (0)1 6796363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat / Katy Birkin Tel: +44 (0)20 3463 2260
A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.
For more information please visit www.ormondemining.com or follow Ormonde on Twitter https://twitter.com/ormondemining or Linkedin http://www.linkedin.com/company/ormonde-mining-plc
ENDS
About Ormonde
Ormonde Mining Plc is admitted to trading on the AIM market in London and the ESM market in Dublin. Ormonde is a mineral development and exploration company focused on Spain (Ticker: ORM).
Ormonde's key activities include:
Barruecopardo Tungsten- Ormonde is developing a low cost mining operation at Barruecopardo to become a major, secure European supply of tungsten. Following the completion of a Definitive Feasibility Study and submission of permitting documentation in 2012, the Environmental Permit for the Project was received in early 2014, followed shortly thereafter by the signing of a 5 year offtake agreement with Noble Resources International Pte. Limited, a wholly owned subsidiary of Noble Group, where Noble have committed to purchase 100% of the tungsten produced at the Project during its initial five years of operation.
Gold Projects in several highly prospective areas of western Spain which includes its joint venture agreement with Aurum Mining plc (AIM: AUR).
La Zarza Copper - polymetallic massive sulphide deposit in the prolific Iberian Pyrite Belt of southern Spain.