Ormonde takes over Spanish project

Ormonde Mining has increased its equity interest in the La Zarza project in southern Spain to 100% in an acquisition which includes all land holdings at La Zarza held by joint venture partner Nueva Tharsis.

Ormonde takes over Spanish project
Thu, 12 Jul, 2007 - 08:57

Ormonde Mining has increased its equity interest in the La Zarza project in southern Spain to 100% in an acquisition which includes all land holdings at La Zarza held by joint venture partner Nueva Tharsis.

An initial payment of €350,000 to Nueva Tharsis has been paid from existing cash resources.

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CourtsBusinessHeathrowPlace: southern SpainPlace: La ZarzaPlace: ZarzaPlace: LondonPlace: DublinPerson: Kerr AndersonOrganisation: OrmondeOrganisation: Ormonde MiningOrganisation: Nueva TharsisOrganisation: Ormonde Mining plcOrganisation: AIMOrganisation: IEX
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