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ORION MINERALS LIMITED - Clover Alloys Exercises 25 Million Options

Release Date: 28/11/2023 07:55
Code(s): ORN     PDF:  
Wrap Text
Clover Alloys Exercises 25 Million Options

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


Clover Alloys Exercises 25 Million Options


Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) refers to its announcement of 14 November 2023,
whereby it received notice from Clover Alloys (SA) of its intention not to exercise its options exercisable at 1.7 cents
(ZAR20 cents) and expiring 30 November 2023, which were acquired in the Company's placement undertaken
earlier this year.

Orion is pleased to advise that it has received from Clover Alloys (SA), a Notice of Exercise of Options and
confirmation of funds transfer of ZAR5.0 million ($0.425 million), for the exercise of 25 million options exercisable at
1.7 cents (ZAR20 cents) and expiring 30 November 2023.

The Company expects to issue the fully paid ordinary shares shortly, upon confirmation of receipt of clear funds.

Clover Alloys (SA) remains a significant and supportive shareholder of Orion, with a current shareholding of ~9%.


For and on behalf of the Board.



Errol Smart
Managing Director and CEO

28 November 2023


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: 28-11-2023 07:55:00
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