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On 21 July 2025, Ormonde Mining plc issued five million new shares of nominal value €0.01 each to Shearwater Group Plc. These shares were consideration for Ormonde's acquisition of Shearwater's 51.3% interest in the Zamora Licences, increasing Ormonde's ownership to 100%. Following admission expected on 25 July 2025, the total number of ordinary shares in issue will be 477,507,482.
| Date | 21 Jul 2025 |
| Time | 15:45:00 |
| Category | Miscellaneous |
| ID | 9238R |
21 July 2025
Ormonde Mining plc
("Ormonde" or the "Company")
Issue of New Shares to Shearwater Group Plc
Ormonde Mining plc (AQSE: ORM), the natural resources company with investment exposure to outstanding gold and battery metal exploration assets, announces that, in accordance with the Company's announcement of 10 February 2025, it has today issued five million new shares of nominal value €0.01 each in the capital of the Company to Shearwater Group Plc ("Shearwater") (AIM: SWG). The shares have been issued as consideration for the acquisition of Shearwater's 51.3% interest in the two exploration licences in the Zamora province in western Spain, Antofagasta and Cueve Negra (the "Zamora Licences"). The acquisition of the 51.3% interest increased Ormonde's ownership of the Zamora Licences to 100%.
Application will be made for the admission of the five million new shares to trading on the Access segment of the Aquis Stock Exchange Growth Market and admission is expected to become effective on 25 July 2025.
Following admission, the total number of Ordinary shares in the capital of the Company in issue will be 477,507,482 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
Enquiries:
Ormonde Mining plc
Brian Timmons, Chairman / Brendan McMorrow, CEO
Tel: +353 1 8014184
Vigo Consulting (Investor Relations)
Ben Simons / Fiona Hetherington
Tel: 44 (0)20 7390 0230
Peterhouse Capital (Aquis Corporate Adviser)
Tel: +44 (0)20 7469 0930
About Ormonde Mining
Ormonde is a natural resources company delivering exposure to outstanding gold and battery metal exploration projects. Ormonde's portfolio comprises:
· An 36.5% interest in TRU Precious Metals (TSXV: TRU), which is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada, funded by Eldorado Gold Corporation (TSE: ELD - US$4.2 Bn market cap) which has optioned the project.
· A 100% interest in two gold exploration licences in the Zamora province in western Spain, for which the Company is advancing value enhancing options
· A 18.9% interest in Peak Nickel Limited, which is exploring for battery metals at the Rodburn Project in Aberdeenshire with indications of a significant deposit.
Ormonde's shares are quoted on the Aquis Stock Exchange Growth Market under the symbol AQSE: ORM.
For more information, visit the Company's website at www.ormondemining.com.
The Directors of the Company accept responsibility for the contents of this announcement.
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