Result of General Meeting

RNS Number : 8511R

Ironveld PLC

09 November 2021

 

Ironveld Plc

("Ironveld" or the "Company")

Result of General Meeting

Ironveld announces that all the proposed resolutions in connection with the £5.6 million subscription by Grosvenor Resources Pty Limited ("Grosvenor") tabled at the Company's General Meeting held earlier today were duly passed.

The transaction is expected to close on or around 30 November 2021 when Ironveld will issue and allot the 561,505,950 new shares to Grosvenor against receipt of the subscription funds.

For further information, please contact:

Ironveld plc Martin Eales, Chief Executive Officer		c/o Blytheweigh [phone]
finnCap (Nomad and Broker) Christopher Raggett / Charlie Beeson		[phone]
Turner Pope (Joint Broker) Andrew Thacker		[phone]
Blytheweigh Tim Blythe / Megan Ray		[phone]

NOTES TO EDITORS

Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28 kilometres of outcropping Bushveld magnetite with a SAMREC compliant ore resource of some 56 million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2.

The Definitive Feasibility Study published in April 2014 confirms the project's viability to deliver a Vanadium slag product for which the company has an offtake agreement as well a High Purity Iron product which commands a premium in the market place and Titanium slag containing commercial grades of titanium.

Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.

 

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