Almonty confirms that it has made an approach to acquire Ormonde Mining in a share exchange transaction. The approach was rejected by the Ormonde board of directors without engaging with Almonty regarding the merits of the transaction. Almonty is considering its various options regarding Ormonde. Lewis Black, Chief Executive Officer of Almonty [...]
The Board of Ormonde Mining reports that it has received an unsolicited approach from Almonty Industries to acquire Ormonde in a share for share exchange (1 Almonty share for every 12.2 Ormonde Shares), valuing the Ormonde shares at £0.057 based on a closing price for Almonty Shares of CAD$1.10. The proposal from Almonty is conditional, inter alia [...]
The Board of Ormonde notes recent articles in the Spanish media providing comment in relation to advances in the permitting of its Barruecopardo Tungsten Project. The se articles include favourable commentary on a draft Environmental Impact Declaration (“EID”) prepared by the Provincial Authorities following an internal review of the Company’s [...]
The Board of Ormonde is pleased to report the results to-date of initial drilling on the Cabeza de Caballo Permit in the Salamanca Province of western Spain, which forms part of our joint venture with Aurum Mining plc. To-date, four diamond holes have been drilled testing for near-surface extensions to the gold mineralisation identified by [...]
Ormonde Mining reports that, further to the announcement on 22 February 2013 regarding an Option Agreement with Spanish company Nueva Tharsis SA relating to the potential divestment of the Company's interest in the La Zarza Copper Project, the Option period ended on 15 May 2013 and the Option has not been exercised. Notwithstanding this, Nueva [...]
Ormonde Mining reports that, further to the announcement on 22 February 2013 regarding an Option Agreement ("the Agreement") with Spanish company Nueva Tharsis SA ("Nueva Tharsis") relating to the potential divestment of the Company's interest in the La Zarza Copper Project ("La Zarza"), the Option period ended on 15 May 2013 and the Option has not [...]
