Orbminco raises $1m in first tranche of share placement

Woomera Mining Ltd. ( (AU:OB1) ) has issued an announcement.

Orbminco Limited has issued 62,500,000 new ordinary shares at $0.016 each to professional and sophisticated investors, raising $1 million under a previously announced placement. The bulk of the shares were issued under the company’s existing placement capacity, with 43,394,259 shares under Listing Rule 7.1 and 19,105,741 shares under Listing Rule 7.1A.

The company plans to seek shareholder approval for a second tranche of the placement at a general meeting expected in mid to late March 2026, which would further bolster its capital position. Orbminco also lodged a cleansing notice confirming compliance with key Corporations Act disclosure and reporting requirements, ensuring the new shares can trade freely and signalling regulatory and governance adherence to investors.

More about Woomera Mining Ltd.

Orbminco Limited, listed on the ASX under the ticker OB1, is an Australian company that raises capital through share placements to professional and sophisticated investors. The company operates within the resources and exploration investment space, using equity markets to fund its ongoing corporate and project activities.

Average Trading Volume: 355,473

Technical Sentiment Signal: Sell

Current Market Cap: A$4.39M

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