ORION MINERALS LIMITED - Share Issue - Notice under Section 708A(5)(e)

Share Issue - Notice under Section 708A(5)(e)

Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1


Share Issue – Notice under Section 708A(5)(e)


Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) refers to its announcement on 1 July 2024 regarding
a ~A$7.7 million (~ZAR92.3 million) capital raising, which is being conducted via a placement to sophisticated and
professional investors, pursuant to Section 708A of the Corporations Act 2001 (Placement). The Placement
comprises the issue of approximately 513 million fully paid ordinary shares (Share) at an issue price of 1.5 cents
(being ZAR18 cents) per Share.

Orion has issued 479,509,997 Shares at an issue price of 1.5 cents per Share (Placement Shares), to raise A$7.2
million, following receipt of funds from investors for commitments pursuant to the Placement. The issue of these
Shares finalises the issue of Shares under the Placement.

The issue of these Placement Shares falls within Orion's 15% capacity for issues of equity securities without
shareholder approval afforded by ASX Listing Rule 7.1.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Act), the Company advises as follows:

 1.   this notice is being given under paragraph 708A(5)(e) of the Act;

 2.   the Company issued the Placement Shares without disclosure to investors under Part 6D.2 of the Act;

 3.   as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as
      they apply to the Company;

 4.   as at the date of this notice, the Company has complied with section 674 and section 674A of the Act; and

 5.   all information of the kind that would be required to be disclosed to the market for the purposes of section
      708A(6)(e) of the Act has been disclosed to ASX Limited.


For and on behalf of the Board.



Denis Waddell
Chairman

18 July 2024


ENQUIRIES

Investors                               Media                                JSE Sponsor
Errol Smart – Managing Director & CEO   Nicholas Read                        Monique Martinez
Denis Waddell – Chairman                Read Corporate, Australia            Merchantec Capital
T: +61 (0) 3 8080 7170                  T: +61 (0) 419 929 046               T: +27 (0) 11 325 6363
E: info@orionminerals.com.au            E: nicholas@readcorporate.com.au     E: monique.martinez@merchantec.com

Date: 18-07-2024 08:47:00
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