Orbminco Limited (ASX: OB1) has announced a proposed consolidation of its issued capital. Orbminco is a mineral exploration company focused on copper and gold in Mongolia, as well as battery metals and gold in Western Australia. The company will seek shareholder approval for the consolidation at a General Meeting scheduled for 18 September 2025. The proposed consolidation ratio is 20:1, as per section 254H of the Corporations Act 2001 (Cth).
The company’s board of directors believes that the consolidation will lead to a more appropriate and effective capital structure. They anticipate that a consolidated structure will make the company more attractive to a wider range of investors. The company’s announcement states that the adjustments may broaden the base of shareholders and improve the company’s standing on the ASX.
According to ASX Listing Rules 7.21 and 7.22, all currently issued options will be consolidated at the same ratio as the company’s existing shares. Correspondingly, the exercise price of these options will be adjusted in accordance with ASX Listing Rules. Full details and the indicative timetable are available in the Notice of Meeting and Appendix 3A.3.
The Orbminco Board of Directors has approved and authorised the release of this ASX announcement. For further information, shareholders and interested parties are encouraged to contact Chairman Ian Gordon at +61 477 306 669 or Managing Director Ralf Kriege at +61 458 022 509.
