Business
Result of EGM & AGM
Result of EGM & AGM.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n\n25 August 2023\n \n \nOrmonde Mining plc\n \n(\"Ormonde\" or the \"Company\")\n \nResults of EGM & AGM\n \nFurther to the Company's announcement dated 31 July 2023, Ormonde announces that all resolutions proposed at the Extraordinary General Meeting (\"EGM\") and the Annual General Meeting (\"AGM\") of the Company, both held today, were duly passed. The results of the voting follow in the appendix below. \n \nAccordingly, Ormonde is pleased to announce that, following shareholder approval at the EGM, the Company's investment in Toronto-listed exploration company TRU Precious Metals Corp (\"TRU\"), which is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada, is expected to complete after the Cancellation (as defined below) on or around 5 September 2023 (\"Completion\").\n \nUpon Completion, Ormonde will own an initial 36.2% controlling interest (under TSXV Rules) in TRU's share capital following a total investment of CAD $3,000,000. Ormonde's funding will be used to fast-track the advancement of TRU's Golden Rose Project as well as the evaluation of other mineral property transaction opportunities.\n \nThe cancellation of the admission of the Company's ordinary shares (\"Ordinary Shares\") to trading on AIM and Euronext Growth (the \"Cancellation\") was also approved by shareholders at the EGM. Accordingly, the expected time and date of Cancellation is 7.00 a.m. on 5 September 2023.\n \nAn application has been made for the Company's shares to be admitted to trading on the Access segment of the AQSE Growth Market (\"AQSE\"), a Multi-lateral Trading Facility (MTF) and a Recognised Stock Exchange under S1005 (1)(b) United Kingdom Income Tax Act 2007 (\"Admission\"). It is expected that Admission will become effective and that dealings will commence on AQSE on 4 September 2023. Following Admission, the Company will be subject to the regulations and corporate governance requirements of the AQSE Growth Market Access Rulebook.\n \nBrendan McMorrow, Chief Executive Officer, commented:\n \n\"Following Completion, Ormonde will have a controlling interest (under TSXV Rules) in what the Board believes is a well-funded listed entity, with an exciting gold exploration asset and a highly capable management team with complementary an...