Result of EGM

RNS Number : 1802G

Ormonde Mining PLC

02 May 2014

 



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: [phone]

Bankside Consultants

Simon Rothschild  Mob: [phone]

Murray Consultants

Mark Brennock  Tel: [phone]  Mob: [phone]

Davy (Nomad / ESM Adviser)

Eugenée Mulhern / Roland French  Tel: [phone]

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat / Katy Birkin  Tel: [phone]

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.

 

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