Ormonde Mining plc has received 99.77% shareholder approval for the €2.3 million sale of its La Zarza copper-gold-zinc project in Spain.
ACQUISITIONS
The vote was held in the company’s extraordinary general meeting earlier today.
Following completion of the sale, Ormonde will become an AIM Rule 15 cash shell and have to make an acquisition or acquisitions constituting a reverse takeover under AIM Rule 14 and Euronext Growth Market rules on or before the date falling six and 12 months respectively from completion of the transaction.
“If no such acquisition or acquisitions are made, the company’s shares would be suspended from trading pursuant to AIM Rule 40 and the Euronext Growth Market rules,” added Ormonde.