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Orion Minerals Secures A$1.26 Million in New Share Placement

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Orion Minerals Secures A$1.26 Million in New Share Placement

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Orion Minerals Limited ( (AU:ORN) ) just unveiled an announcement.

Orion Minerals Limited has announced the issuance of 83,733,331 new shares at 1.5 cents each, raising A$1.26 million as part of a larger placement to sophisticated and professional investors. The company has secured commitments for the remaining A$4.4 million of the placement, which will be issued shortly, enhancing its financial capacity without requiring shareholder approval under ASX rules.

More about Orion Minerals Limited

Orion Minerals Limited is a company incorporated in Australia, primarily involved in the mining industry. It focuses on the exploration and development of mineral resources, with a market presence on the Australian Securities Exchange (ASX) and Johannesburg Stock Exchange (JSE).

Average Trading Volume: 1,608,546

Technical Sentiment Signal: Buy

Current Market Cap: A$153.9M

Learn more about ORN stock on TipRanks’ Stock Analysis page.

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