Ormonde Mining PLC - Result of EGM

19 May 2015

Ormonde Mining plc

("Ormonde" or "the Company")

 

Result of EGM

 

 

The Board of Ormonde is pleased to announce that the ordinary resolution to approve the Oaktree Project Financing proposed to shareholders at the Company's Extraordinary General Meeting held in Dublin today was duly passed.

 

The resolution was decided on a poll. The number of votes for and against the resolution, and the number of votes withheld were as follows:

 

	Votes for (including discretion)		Votes against		Votes withheld*	Total Votes cast (excluding votes withheld)
	No. of shares	% of shares voted	No. of shares	% of shares voted	No. of shares	No. of shares	% of issued share capital**
Resolution to approve Oaktree Project Financing	187,531,328	93.67	12,669,723	6.33	299,400	200,201,051	42.37

 

*A 'vote withheld' is not a vote in law and has not been counted in the calculation of votes for and against.

** The issued share capital of the Company is 472,507,482 ordinary shares of nominal value €0.025 each.

 

Mike Donoghue, Ormonde's Chairman commented:

 

'I am pleased with the significant support from shareholders for the Oaktree financing and would like to thank shareholders accordingly. We can now move forward with a comprehensive financing package into the development of Barruecopardo as an important tungsten mining operation.'

 

 

Enquiries to:

 

Ormonde Mining plc

Kerr Anderson, Managing Director  Tel: +353 (0)1 8253570

 

Capital M Consultants

Simon Rothschild  Mob: +44 (0)7703 167065

 

Murray Consultants

Mark Brennock  Tel: +353 (0)1 4980300  Mob: +353 (0)87 2335923

 

Davy Corporate Finance (Nomad / ESM Adviser, Joint Broker and Financial Adviser to Ormonde)

Eugenée Mulhern / Roland French  Tel: +353 (0)1 6796363

 

SP Angel Corporate Finance LLP(Joint Broker)

Ewan Leggat / Katy Birkin  Tel: +44 (0)20 3 470 0470

 

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

 

 

About Ormonde

Ormonde Mining Plc is admitted to trading on the AIM market in London and the ESM market in Dublin and is a mineral development and exploration company focused on Spain (Ticker: ORM). Ormonde is developing a low cost mining operation at its Barruecopardo tungsten project to become a major, secure European supply of tungsten. Following the completion of a Definitive Feasibility Study in 2012, and the Environmental and Mining Permit being received during 2014, Ormonde is now in the process of completing a financing package for the Project which would enable the commencement of its development during 2015, with production targeted for late 2016.  Ormonde also has a number of other exploration projects including tungsten, gold and copper.

 

 

The Directors of Ormonde accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors of Ormonde (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.

 

 

Any holder of 1% or more of any class of relevant securities of Ormonde or of Almonty Industries may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013. 

 

No statement in this announcement is intended to be an asset valuation or a profit forecast and profits and earnings per share will not necessarily be changed.

 

Davy and Davy Corporate Finance each of which are regulated in Ireland by the Central Bank of Ireland, are acting for Ormonde and no one else in relation to the matters referred to herein. In connection with such matters, Davy and Davy Corporate Finance, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to anyone other than Ormonde for providing the protections afforded to their clients or for providing advice in connection with the matters described in this announcement or any matter referred to herein.

 

Defined terms used in this announcement have, save where otherwise stated, the same meaning as set out in the circular to Ormonde shareholders dated 29 April, 2015.

 

ENDS