Australia- and Johannesburg-listed Orion Minerals has secured firm commitments for a placement of new fully paid ordinary shares to sophisticated and professional investors and loan conversions for about A$5.8-million, or about R67-million. About 522-million shares will be issued under the placement and loan conversions, at an issue price – or deemed issue price, as applicable – of A$0.01 a share, or 13c a share in rand terms.
Sabrina Jardim
www.miningweekly.com
