REG - Ormonde Mining PLC Shearwater Group PLC - Issue of New Shares to Shearwater Group Plc

ShearwaterAnnouncement

21/07/2025 15:45

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RNS Number : 9238R  Ormonde Mining PLC  21 July 2025

21 July 2025

Ormonde Mining plc

("Ormonde" or the "Company")

 

Issue of New Shares to Shearwater Group Plc

 

Ormonde Mining plc (https://ormondemining.com/) (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
(https://ormondemining.com/) .

 

The Directors of the Company accept responsibility for the contents of this
announcement.

 

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/ormonde-mining-plc/
(https://www.linkedin.com/company/ormonde-mining-plc/)

 

X: https://x.com/OrmondeMining (https://twitter.com/OrmondeMining)

 

Subscribe to our email alert service to be notified whenever Ormonde releases
news:

 

https://ormondemining.com/news/regulatory-news/#1469694747033-931e13b7-bd9d
(https://ormondemining.com/news/regulatory-news/#1469694747033-931e13b7-bd9d)

 

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