The Board of Ormonde announces that all resolutions proposed to shareholders at the Company's Annual General Meeting held in Dublin today were duly passed.
A copy of the presentation on the construction of the Barruecopardo Tungsten Mine and mine site drone footage showing recent construction activity, which were presented to shareholders following the formal business of the AGM, will be made available today on the Company's website www.ormondemining.com.
Share Capital Reorganisation
The Share Capital Reorganisation (the "Reorganisation") approved at today's AGM will result in the nominal value of Ordinary Shares being reduced from €0.025 each to €0.01 each. The Reorganisation will leave all shareholders holding the same amount of Ordinary Shares as they held prior to the Reorganisation and thus the aggregate value of their holding should remain unchanged.
With effect from 8.00 am on 19 September 2017, 472,507,482 Ordinary Shares of nominal value €0.01 each, being the entire issued ordinary share capital of Ormonde, will be admitted to trading on the AIM Market of the London Stock Exchange and the ESM Market of the Irish Stock Exchange. The new Ormonde shares are registered under ISIN: IE00BF0MZF04.
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Ormonde Mining managing director Steve Nicol sat down with Proactive Investors to talk us through the busy phase of work currently underway as the development of the Barruecopardo tungsten mine progresses towards completion.
Fully funded, fully permitted and on track for a 2017 start up,...