TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.